May 2, 2023
House votes to kill Bidenâ€™s â€˜wokeâ€™ ESG investment rule that props up â€˜phony climate movementâ€™
The House of Representatives has voted to kill President Biden's 'woke' ESG investment rule that props up the 'phony climate movement'. The rule, which was introduced earlier this year, required companies to disclose their greenhouse gas emissions and climate risks, as well as their diversity and inclusion policies.
Critics of the rule argued that it was an unnecessary burden on businesses and that it would do little to address climate change. They also claimed that the rule was part of a broader 'woke' agenda that sought to impose progressive values on the business community.
The vote to kill the rule was largely along party lines, with Republicans supporting the measure and Democrats opposing it. Republicans argued that the rule was an example of government overreach and that it would harm the economy by imposing unnecessary costs on businesses.
Democrats, on the other hand, argued that the rule was an important step towards addressing climate change and promoting diversity and inclusion in the workplace. They also accused Republicans of being beholden to corporate interests and of ignoring the urgent need to address climate change.
The debate over the ESG investment rule highlights the deep divisions in American politics over issues such as climate change and corporate responsibility. While some argue that businesses have a moral obligation to address climate change and promote social justice, others believe that such issues are best left to the free market and individual choice.
Regardless of one's views on these issues, it is clear that they will continue to be a major source of political and economic debate in the years to come. As the world grapples with the challenges of climate change and social inequality, it is likely that we will see more initiatives like the ESG investment rule, as well as more efforts to roll them back.