9min chapter

The Daily cover image

What Is E.S.G., and Why Are Republicans So Mad About It?

The Daily

CHAPTER

Texas vs. ESG: A National Debate

This chapter examines a Texas bill targeting companies that boycott fossil fuels, exploring its financial impact on state funds and retirees. It highlights a growing national backlash against ESG (Environmental, Social, and Governance) policies, with several states enacting similar laws and critics arguing that such initiatives distract from business profitability. The discussion also touches on the political implications of these actions, including President Biden's stance on ESG legislations and broader concerns about corporate influence in political matters.

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