Republicans plan more attacks on ESG. Investors still plan to focus on climate risk
Investors still view climate change as a serious financial risk. But Republican attacks could have a chilling effect on the kinds of actions they're willing to take to deal with the problem.
Republicans are planning to use their control of the House of Representatives in 2023 to intensify attacks on companies that account for climate-related risks when they're making investment decisions.
GOP officials in Washington and more than a dozen states say they're focusing on firms that are using their financial power to push a so-called woke political agenda, rather than trying to maximize profits. As part of the campaign, Florida, and have collectively pulled more than $3 billion from BlackRock over the investment firm's consideration of . Faced with the political backlash, Vanguard, another large asset manager, said it from a that's working to zero out greenhouse gas emissions by midcentury.
