A new coalition of GOP governors vows to buck the Biden administration’s approach to ESG policymaking with a state-level crackdown on ideological investment decisions and company practices, but the legislative fate of their attacks has varied across the country.
West Virginia and Utah are among states with laws enacted this year against environmental, social, and governance practices deemed by Republicans to punish certain industries or favor non-financial goals in investing. Elsewhere, Arkansas legislators narrowed the scope of an anti-ESG proposal ultimately signed into law, while two bills failed in Wyoming due to concerns over their impacts.
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