Earlier this week, a Republican bill aimed at preventing pension funds from making investment decisions on the grounds of climate change considerations passed in both houses of Congress. While many expect President Biden to veto the bill and have it all done with, the existence of this bill is a sign of a changing tide—a pushback from conservative U.S. politicians against the ESG investment drive that has been gathering momentum for the past few years. The pushback is not just in Congress, either. In fact, it is much stronger outside…
