- Beyond efforts from Republican lawmakers, the move from Vanguard to reverse its commitment to the Net Zero Asset Managers project occurs as evidence of a broader market backlash against the environmental, social, and governance movement, also known as ESG, continues to mount.
- An exclusive poll from The Daily Wire showed earlier this year that 64% of respondents believe “individual investors whose savings are being invested” should decide whether retirement and pension funds are allocated according to ESG standards, while 20% believe that “Wall Street asset managers” should make such decisions.
- Gore now leads Generation Investment Management, which pushes for a “just and inclusive” transition to renewable energy and net zero emissions while boycotting fossil fuel companies. The firm considers climate change an “inseparable part of our fiduciary responsibility.”
