For Immediate Release: February 7, 2023
Contact: Ryan Hite, Communications Director
Rep. Barr, Sen. Braun Try to Nullify Labor Dept. ESG Rule
Washington, D.C.: “It may often appear as an obscure, harmless acronym, but the ‘environmental, social and governance’ (ESG) agenda is a direct threat to America and all national sovereignty,” said Ed Martin, president of Phyllis Schlafly Eagles. “Much of the public likely owe a thank you to Elon Musk for talking publicly about ESG scores in the world of business and how ridiculous it is — tantamount to social credit for companies. The reality is that this agenda-first, results-last thinking has seeped into our bureaucratic executive branch, and we must support those in Congress with the oversight to root it out.
“Last fall, the Department of Labor issued a vague federal rule that didn’t require, but simply permitted, ESG strategies to be used in retirement plans. Thankfully, Rep. Andy Barr (KY) and Sen. Mike Braun (IN) recognize even the passive allowance of the fraud of ESG as a threat, and they introduced a resolution within weeks of this rule to nullify it. Attention is coming back around to this again as it’s been announced this week that a coalition of over 100 political advocacy groups are backing Braun and Barr’s resolution.
“Any time in this political age that a hundred political groups agree on something, you can bet it’s either really bad or really good. In this case, it is excellent! The fight against the ESG (environmental, social, governance) framework and its backers at the awful World Economic Forum must be center stage, and Americans need to know about it.
“In a world of political wimps, Senator Braun and Representative Barr are gathering the political will around them to fight one of the chief threats not only to America’s economy and foreign relations, but her very sovereignty as a nation-state. Good for them, and may they have hundreds more groups and coalitions gather around their fight against ESG insanity.”
###
