Financial companies that boycott the energy industry are pushing “anti-American” political agenda, Oklahoma Gov. Kevin Stitt told Fox News.
“ESG is kind of rewriting how you invest. Instead of focusing on value for your shareholders, it’s more of a political agenda,” the governor said. “It breaks down the free market principles of capitalism that we’re used to in investing and so it’s anti-American.”
Environmental, social and corporate governance — commonly referred to as ESG — are non-financial standards applied to firms and can be used by asset managers in their decision-making surrounding investments. Firms with low emissions or progressive policies surrounding issues like diversity receive higher scores.
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