Every GOP senator, along with Democrat Joe Manchin from West Virginia, are launching yet another attack against President Biden’s embrace of so- called ESG investing. The senators are accusing Biden and his team of politicizing the retirement savings of more than 150 million Americans.
ESG — which stands for Environment, Social, and Corporate Governance — requires companies and fiduciaries to consider climate change and other environmental and social-justice issues when making business decisions. The ESG funding scheme is akin to the World Economic Forum’s Klaus Schwab, who refers to the scheme as “stakeholder capitalism.”