Top Dem defends ESG investing.

Defending ESG: A Personal Mission for Rep. Jamie Raskin

Investors Need to Be “Watchful and Alert”

At a recent House Oversight Committee hearing, Rep. Jamie Raskin (D-Md.) passionately defended the importance of Environmental, Social, and Governance (ESG) ideology. He argued that investors need to be “watchful and alert to opportunities and risks” in order to guide companies in their business decisions.

Republican Attacks on ESG

Unfortunately, Republicans nationwide have been attacking the progressive political agenda, claiming that the adoption of ESG by multi-national financial institutions is an attempt by radical foreign elites to impose their views on American society. This has led to a shift in public sentiment, with American investors beginning to insist that asset managers focus on company financial returns when making investment decisions over politics.

The English Language and ESG Principles

Raskin used his time to lecture his fellow congressmen on the English language in an attempt to justify ESG principles. “The word work comes from the Indo-European root ‘weg,’ which means to be strong and alert,” Raskin said, explaining that the word evolved into the modern word vigilance. “The whole point of being a fiduciary is to be vigilant, watchful and alert to opportunities and risks, and that’s what asset managers, corporate board members and executives do with other people’s money.”

A Personal Mission

Raskin’s defense of ESG has become a personal mission for him after his wife, Sarah Bloom Raskin, saw her nomination at the Federal Reserve derailed. She faced strong opposition from Republican senators and Democratic Senator Joe Manchin (D-Va.) over her radical stance on climate-based financial policy.

Republican Attacks on Climate Change Ideology

The Republican-dominated House Oversight Committee called in attorney generals from several states on May 10 to testify on the dangers of ESG in corporate culture. Utah Attorney General Sean Reyes testified that ESG is part of “an open conspiracy to bypass Congress and instead impose costly changes on American consumers using the power of horizontal agreements by key players in our financial system.”

Sticking to a Non-Woke Investment Strategy is Negligent

Raskin firmly believes that sticking to a non-woke investment strategy “is a negligent and inattentive investment strategy.” He argues that investors need to be aware of the risks and opportunities presented by ESG principles in order to make informed decisions. As the world continues to change, it’s important for investors to stay vigilant and alert to the impact of ESG on the financial system.

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