Financials, US

Explainer: The impact of Republicans' anti-woke campaign

The Republican party is attempting to block a Democrat-backed rule that allows pension plan fiduciaries to consider ESG factors in their investments. (Photo: Andrew Harrer/Bloomberg)

US Republicans are blocking legislation that would allow pension funds to consider ESG factors in their investments and are blacklisting lenders and asset managers that have anti-fossil fuel policies, but the picture is more complex than it appears. In the latest politicisation of sustainable investing, the US Republican party has ...

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