Members of the Republican Study Committee (RSC) detailed steps to combat Environmental, Social and Governance (ESG) investing, which critics refer to as “woke capital,” during a Monday round-table discussion.
Reps. Andy Barr of Kentucky, French Hill of Arkansas, and Blaine Luetkemeyer of Missouri criticized the impact of ESG investing on the U.S. and worldwide economies, noting shifts in the energy sector in particular. ESG investing and woke capital will be likely legislative targets if Republicans take back one or both chambers of Congress in the November midterms. All three members sit on the House Financial Service Committee, which regulates banking and investment firms.
RSC members and aides floated several oversight and legislative steps they expect to take should they win back one or both chambers of Congress in the November midterms. Their oversight is likely to zero in on Biden administration officials with private sector backgrounds in ESG. Those officials may include National Economic Council chairman Brian Deese and Treasury Department chief of staff Didem Nisanci. (RELATED: EXCLUSIVE: McCarthy Plans Training Sessions For House GOP Staffers As Party Preps Investigations Into Biden Admin)
Between stints in the Obama and Biden administrations, Deese led the sustainable investing division at the investment giant BlackRock. Nisanci previously helmed a climate disclosure task force at the Financial Stability Board.
WASHINGTON, DC – MARCH 31: White House…
