Bipartisan Group Calls for Responsible ESG Investing, Free of Government Overreach
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Centerline Liberties group issued principles for responsible ESG investing that reject government interference and mandates from either side of the political spectrum.
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Many Republican-led states have passed symbolic but largely ineffective anti-ESG bills that hurt their economies, as shown by a Texas study.
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Texas may divest billions from BlackRock against expert advice, further damaging state education budgets.
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Centerline principles promote fiduciary duty, voluntary adoption of ESG, and free flow of capital - reasonable for both sides.
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Group hopes data showing economic harm of anti-ESG laws will make "culture war" attempts backfire and restore rational policymaking.