ESG Critics Tell Congress It’s an ‘Insane Agenda,’ Democrats Say Critics Are ‘White Nationalists’

‘ESG hijacks corporate governance to advance ideological objectives,’ Utah state treasurer Marlo Oaks testified.

The House Ways and Means Committee holds a hearing on “Ensuring that ‘Woke’ Doesn’t Leave Americans Broke: Protecting Seniors and Savers from ESG Activism,” on Nov. 7, 2023. NTD

Asset managers’ infatuation with the environmental, social, and governance (ESG) agenda is squandering the retirement savings of hardworking Americans, critics argue, but ESG defenders say that the government has no business second-guessing Wall Street fund managers.

The House Ways and Means Committee heard testimony on Nov. 7 from conservatives regarding the increasing toll that the ESG industry is taking on America’s economy and retirement savings, while Democrats condemned efforts to stop the ESG movement as totalitarian and racist.