Republican activists and politicians like former Vice President Mike Pence and Florida Gov. Ron DeSantis have been working overtime to alert America to the dangers of ESG. Red state legislators are pushing dozens of bills this year to restrict the use of ESG by the fiduciaries responsible for state investments, like pension plans, while some are even proposing an outright ban on ESG investing and data. The Republican majority in the U.S. House of Representatives is planning to use its oversight function to investigate the ESG practices of asset managers and the perceived pro-ESG views of the Securities and Exchange Commission. And Republican politicians are placing ESG on the list of grievances and conspiracies they serve up to their base as they try to turn ESG into the next critical race theory (CRT). One activist who was instrumental in convincing the Republican base that CRT is an ominous threat to their existence is heavily involved in the anti-ESG effort.
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