ESG

States that limit business with banks that ‘boycott’ fossil fuels could pay high costs, study says

BY: - January 16, 2023

Republican state policymakers’ efforts to boost fossil fuels by prohibiting their governments from doing business with companies that take sustainability into consideration has the potential to cost states millions, according to a study released Thursday. Researchers looked specifically at the possible effects on Florida, Kentucky, Louisiana, Missouri, Oklahoma and West Virginia if they passed Texas-like […]

Arkansas AG, 17 others ask SEC for more comment time on ESG rules

BY: - October 26, 2022

Arkansas Attorney General Leslie Rutledge joined her counterparts in 17 other states asking the Securities and Exchange Commission for more public comment time on proposed rules regarding so-called “woke” investment criteria. The new rules would require publicly traded companies to report additional climate-related data, like greenhouse gas emissions insights. They’d also require investors and funds […]

BlackRock CEO Larry Fink, in a suit with no tie, holds a microphone as he speaks during the Clinton Global Initiative conference in New York City on Sept. 19, 2022.t

GOP leaders target ‘woke’ investments through state pension funds

BY: - September 19, 2022

Republicans in state capitals across the country are targeting an investing concept known as environmental, social and corporate governance criteria, or ESG for short. Describing these investment criteria as “woke” and “misguided activism,” GOP officials argue that by taking these factors into account when making investment choices, financial institutions are putting ideology ahead of making […]