This month, conservative critics of environmental, social and governance (ESG) investing had something of a surprise – an almost-simultaneous attack on their views from both Left and Right mounting remarkably similar arguments. Writing for CNBC last week, Democratic Senator Sheldon Whitehouse, the Senate’s climate-denier-witch-finder-in-chief, together with Senators Brian Schatz and Martin Heinrich, denounced state Republican officials for their stand against financial institutions whose anti-fossil-fuel policies damage their states’ economies.
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When the New Right Meets the Old Left on ESG
