Ever since July was dubbed “ESG Month,” House Democrats have been orchestrating a counter-intuitive message: Defend capitalism and free markets.
House Republicans on the Financial Services Committee held at least one hearing every week this month to attack the use of environmental, social and governance principles in corporate investing. But the sessions—meant to lay the grounds for committee passage of a package of bills in a Thursday markup—have been disrupted by a wave of counter-messages by Democrats and shareholder activists.
Republican proponents say they are calling for legislation to restrict ESG investing to give shareholders more control, ...