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States Fight Back Against ESG Investing (Guest: Bette Grande)

February 17, 2022

The Heartland Institute is working state houses across the nation in support of efforts to stop woke management of banks, fund management firms, and pension funds.

Armed with information provided by The Heartland Institute, a number of states are passing bills and regulations which pull the states' business, bond writing, pension management, etc…,  from banks, fund management firms, and pension funds whose managers are placing support for progressive ESG and social credit score goals ahead of making a profit and a return on investment.

The states laws are intended to prevent woke company managers from forcing the companies and individuals they do business with to divest from companies in politically disfavored industries, primarily but not solely, fossil fuels. ESG investing is bad for financial returns, bad for taxpayers, and ultimately bad for the U.S. economy.

Article Tags
Climate Change
Author
H. Sterling Burnett, Ph.D., is the Director of the Arthur B. Robinson Center on Climate and Environmental Policy and the managing editor of Environment & Climate News.
hsburnett@heartland.org
Author
Bette Grande is a State Government Relations Manager at The Heartland Institute. Prior to coming to Heartland, she served as a North Dakota state representative from 1996–2014, representing the 41st district.
bgrande@heartland.org @BetteGrande