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Pence Rips Socially Minded Investing, Wants to ‘Rein in’ ESG

  • Former vice president giving energy policy speech in Houston
  • Pence is citing investor securing three seats on Exxon board
Mike Pence
Mike PencePhotographer: Bridget Bennett/Bloomberg
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Former Vice President Mike Pence criticized investor-activist campaigns to force companies such as Exxon Mobil Corp. to follow socially conscious investing principles, saying they elevate “left-wing” goals over the interests of businesses and their employees.

Pence, a potential 2024 Republican presidential candidate, delivered an energy policy speech on Tuesday in Houston and called for states such as Texas to “rein in” the push for employee pension funds to use environmental, social and governance principles in investing.