The Biden-Harris’ Administration’s Inflation Reduction Act (IRA) will drive roughly $369 billion to climate-related initiatives across the US. That’s a huge influx of funds for states, and it’s had surprising results. A new trend is taking place: some key red state legislators to hit pause on proclamations to eliminate ESG investments — those Environmental, Social, and Governance-oriented financial considerations that take into account non-financial information about a company, such as its climate impact and staff diversity.
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