Republican-led pushback against the ESG investing movement, which critics decry for pushing 'woke' political causes, appears to be having an impact, according to a new report.
Sen. Joe Manchin, D-W. Va., and Sen. Mike Braun, R-Ind., joined 'America's Newsroom' to discuss the push to take politics out of investing and the latest over national debt negotiations.that critics decry for pushing"woke" political causes appears to be having an impact.
According to Morningstar, investors pulled their money for a variety of reasons, including high inflation, rising interest rates, risk of an impending recession, poor market returns, and"greenwashing" — the practice of companies deceptively promising to be environmentally friendly but not living up to their promises.
Republican leaders on the House Financial Services Committee are creating a task force to coordinate their response to various proposals related to ESG.
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