Woke Regulations Led To Silicon Valley Bank Collapse

  • Republican state officials have condemned asset management companies and the Biden administration in recent months for advancing the environmental, social, and corporate governance movement, also known as ESG.
  • Skeptics of the investment approach note that companies devoted to the movement advance specific left-wing political and social causes, such as decreasing carbon emissions or diversifying company leadership with respect to race or sex, in a manner that compromises or distracts from profitability.
  • Silicon Valley Bank indeed faced backlash in the wake of its collapse for an apparent emphasis on diversity, equity, and inclusion.
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