Commentary
For the last few years, the mirage of environmental, social, and governance (ESG) has been exposed for what it is: a backdoor attempt to use Americans’ investments to fund far-left political goals. Corporations’ ESG commitments are preventing investment in natural resources such as oil, gas, and coal, even as Americans are pounded by higher energy costs and inflation.
This risky investment ideology has led to an anti-ESG pushback from state treasurers and attorneys general. That was followed by a tidal wave of state legislation seeking to protect public employee pensions and core industries in various states. At least 11 have passed strong legislation meant to combat investment tools that prioritize radical left-wing priorities under the nose of investors….