In a Jan. 25 interview with The Epoch Times, West Virginia Treasurer Riley Moore outlined a new state bill intended to ensure that proxy voting for shareholders isn’t a vehicle for environmental, social, and governance (ESG) principles that undercut the interest of those shareholders.
“ESG is obviously a nonsensical investment strategy that has been distorting the free market for quite a while,” Moore said.
He spoke to The Epoch Times after telling Fox News’ Maria Bartiromo about that proxy voting legislation, intended to counteract the top-down push for ESG through new requirements for the state’s investment boards.
“This is going to mandate that our shares are voted in the best financial interests of our pension beneficiaries,” Moore said in a Jan. 24 interview on Bartiromo’s program, “Mornings with Maria.”…