Conservative values cast aside, Congress wages war on ‘woke’
While we’ve been largely focused on what’s been happening in Charleston lately, we’ve also had our eye on Washington, D.C., and the culture war backlash happening there. Last week, Congress passed a joint resolution “disapproving” a Department of Labor rule that allows investment firms to take into consideration environmental, social and governance (ESG) factors. The resolution, if signed into law, would reverse the rule and forbid investment firms from using non-monetary factors when crafting portfolios for investors — even if it’s what investors want. The House of ...