Bloomberg Law
May 10, 2022, 10:29 PM

Pence Rips Socially Minded Investing, Wants to ‘Rein in’ ESG (2)

Mark Niquette
Mark Niquette
Bloomberg News

Former Vice President Mike Pence criticized investor-activist campaigns to force companies such as Exxon Mobil Corp. to follow socially conscious investing principles, saying they elevate “left-wing” goals over the interests of businesses and their employees.

Pence, a potential 2024 Republican presidential candidate, delivered an energy policy speech on Tuesday in Houston and called for states such as Texas to “rein in” the push for employee pension funds to use environmental, social and governance principles in investing.

Mike Pence
Photographer: Bridget Bennett/Bloomberg

The former vice president cited activist investor Engine No. 1, which was backed by firms including BlackRock Inc.last year as it mounted ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.