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Biden Blocks Anti-ESG Measure with First Veto of His Presidency
March 21, 2023
U.S. President Joe Biden, in the first veto of his presidency, rejected a Republican proposal to prevent pension fund managers from basing investment decisions on environmental, social and governance factors like climate change.
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DeSantis Forms Alliance with 18 Governors Against ESG Initiatives
March 18, 2023
Florida Governor Ron DeSantis has formed an alliance with 18 Republican governors to reject the environmental, social and corporate governance (ESG) agenda being pushed by President Joe Biden that especially affects American retirement funds through « woke » investments.
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Global Developments in ESG Disclosures May Have a Significant Impact on U.S. Companies
March 15, 2023
Risk and financial advisor group Kroll reports that environmental, social and governance (ESG) regulatory initiatives from the European Union (EU), International Sustainability Standards Board (ISSB), and U.S. Securities and Exchange Commission (SEC) may have significant ramifications on U.S. companies.
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« Woke » Programs Pushed as Silicon Valley Bank Collapsed
March 15, 2023
As Silicon Valley Bank was failing, bank leadership, including a head of risk management continued to invest in « woke » initiatives such as LGBTQ+ programs encompassing a “safe space” for coming-out stories.
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U.S. Congress Votes to Block Biden ESG Initiative
March 08, 2023
A resolution to overturn the Labor Department rule that enables fund managers to consider environmental, social and corporate governance (ESG) issues for investments and shareholder rights decisions passed both houses of Congress and will be sent to President Biden, who is expected to veto the measure.