Red States Sell ESG Bonds Even as Pols Condemn Label: Muni-Wise

Republicans from a number of states spent a lot of 2022 vehemently protesting the push for municipal bonds to include Environmental, Social and Governance information. Often they said it’s an assault on the fossil fuel industry and gun ownership.

Well, guess who’s selling bonds with the ESG label? Bond issuers in some of the same Republican-led states decrying ESG appear to be seeing the value in designating their debt as Green or Social.

A glance at the calendar for this week and next shows offerings from Utah, North Dakota, South Dakota and Indiana. The Utah Board of Higher Education is ...