tl;dr - House Republicans are targeting socially responsible investing, including investments that take into account environmental concerns like climate change.
And that’s a threat to them, because what they’re trying to do is to basically stop people from looking at the climate risk from the oil companies. And they’re saying, “Don’t look up.” They’re saying, “Put your head in the ground.” And what we’re saying is, “We need the freedom to invest.” Like, they’re trying to suppress our freedom to be able to make logical, good business choices. And in doing so, at the state level, their harming their own citizens. - Andrew Behar, CEO of non-profit group As You Sow which promotes corporate responsibility through shareholder advocacy, speaking to Amy Goodman of Democracy Now! - March 29, 2024
The party of small government a d free market economics wants to make it illegal for an investment firm to consider the tangible risks presented by climate change when making investment decisions. They are trying to say that preferentially investing in companies that have plans to mitigate the impacts of climate change on their business model is an anti-trust violation.
This is so absurd on so many levels.
