Vanguard quits net-zero group after GOP criticism

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7 thoughts on “Vanguard quits net-zero group after GOP criticism

  1. This shows responsibility for their clients not the woke nonsense. Most of us have Vanguard funds in our retirement portfolios. Good move by Vanguard and I hope JP Morgan stays away also.

  2. Well, this only benefits Hoosiers who want to maximize investment returns and not chase arbitrary goals with no real evidence they are achievable. I am always confused if this is Global Cooling, Global Warming, Climate Destruction, Climate Change (whatever that means) or saving the wombat.

  3. Over 90 percent of the worlds scientists believe in climate change. I agree that there needs to be a reasonable period of time to transition away from fossil fuel but Tod Rokita needs to lean away from the Trumpian desire to lie about the truth.

  4. Sad that being conscious of ESG is now frowned upon, it should be the basis of what we strive for. I need to relook at my funds and dump Vanguard. I would like to put my money where my beliefs are. So disappointing..

  5. Phillip, just to clarify I also believe in Climate Change. There is no question. Just 20,000 years ago the “Wisconsin Glacier” covered the Midwest. It had been there 90,000 years. But humans had nothing to do with its arrival and certainly nothing to do with it receding. So why do we believe now we can move the needle. Such a political side show.

  6. Rokita and others of similar ilk are focused on helping their coal-extracting campaign contributors. They talk only about the Environmental part of ESG to paint a false picture of rampant environmentalists run amok. But ESG also includes Social and Governance matters. In short, ESG investing means considering how a publicly traded company treats its employees, their families, the communities in which they operate, and even their shareholders. The thinking, based on lots of evidence, is that companies that treat people and the environment well, don’t make products that hurt people, are run well and are responsive to shareholders will be more profitable than poorly run companies that create liabilities. Therefore, to reject ESG is to be anti-worker, anti-family, anti-community, anti-shareholder rights, anti-smart investing. This is the stance that Rokita has taken pains to take.

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