More Republican-led states are refusing to do business with financial institutions that embrace woke agendas on issues such as climate change, guns and other social issues.


It is part of a growing pushback among conservative elected officials against banks and investment managers that base business decisions and investment choices not on maximizing their customers’ profits but on liberal views about environmental, social and governance issues, or what’s known as ESG principles.


Notably, the ESG movement has major Wall Street firms putting the fossil fuel industry on the chopping block because of climate change. The move could result in costly financial implications for energy companies, banks and taxpayers.

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