fb tracking

As “Anti-ESG” Month Comes to a Close, Republicans Work to Undermine Climate Risks Protections, Workers’ Retirements

WASHINGTON, D.C. – The U.S. House Committee on Financial Services Committee will wrap up its month-long “Anti-ESG” campaign with a markup of a package of bills including:  H.R. 4790,  H.R. 4767, and H.R. 4655.  Ahead of the markup, Jon Golinger, democracy advocate at Public Citizen, issued the following statement: 

“As most Americans try to stay cool in the sweltering heat, some House Republicans sweated up a storm this month bashing responsible investing to please their fossil fuel campaign donors.  As July comes to a close, MAGA Republicans engage in more theater than governing — putting the retirement funds of hardworking Americans at risk.

“Everyday Americans work hard for their money and want their savings and retirement investments to be managed responsibly.  But the Frankenstein monster of so-called anti-ESG bills marked-up by the House Financial Services Committee this Thursday will blindfold investors and muzzle shareholders.

“In the wake of a series of bank failures that jeopardized the entire financial system, the House Financial Services Committee must  reject these bills and move on from a wasted month to a constructive conversation about responsible investing including the need for investors to have more information about corporate political activity, financial stability and climate-related risk.”

# # #