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