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The Independent UK
The Independent UK
National
Stan Choe

What is ESG investing and why do some hate it so much?

Copyright 2022 The Associated Press. All rights reserved

After sweeping through battles in statehouses across the country, the war against ESG investing is heating up in Congress.

House Republicans voted late Tuesday to overturn a rule by the Department of Labor that allows retirement plans to consider environmental, social and governance factors when making investment decisions. The matter goes to the Senate next. If it passes, it could set the stage for the first veto by President Joe Biden.

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