Political Quotes

“I will be honest. Based on the arguments I have been hearing, I am not sure everyone who is opposing the Biden administration's ESG rule has actually read the policy. Some of the arguments for the resolution overturning this rule simply don't add up. In fact, they are a contradiction. ESG investing is simply the practice of taking into account the environmental, social, and governance practices of companies that you invest in. For instance, just as a hypothetical, if you are against investing in so-called ``woke'' causes, you are actually laying out your own ESG criteria. Here is the thing: The Biden administration rule would allow that. They would allow that because--and this is an important point, I think, folks are missing--the Biden rule is fundamentally neutral on how ESG factors are taken into consideration, so long as the investment fund is meeting its fiduciary obligations to its beneficiaries. I am not sure anyone gets that because the fact of the matter is that some of the same people who are railing against this rule and against ESG investing have advocated for positions that essentially are ESG investing. When Republicans push for legislation to protect local and State governments that divest from companies based on their policies toward Israel, that is a form of ESG investing.…”