Republican state officials have sought to clamp down on the use of environmental, social and governance criteria to invest state funds more than 100 times since 2018, according to a report released Wednesday by the policy research firm Pleiades Strategy.
The report says the anti-ESG actions were carried out either through legislation or when state officials — governors, attorney generals, secretaries of state — used their power over state budgets, pension funds and contractors to “weaponize state financial management and oversight in support of preferred industries, like fossil fuels and gun manufacturers for political reasons.”
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