On Tuesday, the House Oversight Committee convened a hearing on environmental, social, and governance, or ESG, investing criteria. For over a year now, Republicans have been trying to turn this obscure three-letter acronym into a full-fledged culture war. So far, the right has expressed its complaints about ESG via a word salad whose components don’t share much of a relationship either to reality or one another. This pattern persisted on Tuesday, when the word “cabal” was used at least three times in reference to allegedly “woke” investors.
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