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House GOP Is About to Beat the ESG Drum Even Harder

In America, the right’s political onslaught on sustainable investing is beginning in earnest.

US House Convenes After Failing To Elect Speaker
Photographer: Al Drago/Bloomberg

In the US, the political onslaught by the right on sustainable investing has begun in earnest at the federal level.

Over the past week, House Republicans have said they plan to vote on a suite of bills by July aimed at undermining those who track environmental, social and governance-risk factors as part of their investment process. House Financial Services Committee Chairman Patrick McHenry of North Carolina picked Michigan’s Bill Huizenga on Friday to head a working group focused on investigating and reining in ESG.