Biden team pushes 'coercive' ESG policy

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The Biden administration's environmental, social, and governance policy is a "coercive" approach to get Americans to buy into a green agenda promoting ideas "we don't agree with", West Virginia Treasurer Riley Moore says.

Mr Moore said ESG started off as a form of "socially responsible investing" but soon became something else as it did not generate profit.

"So ESG is a coercive approach to that, to get all of us to buy into ESG," he said.

"So essentially what you have is a left-wing agenda that is being pushed through rating agencies, through banks, through asset managers.

"It's really coercive capitalism that is happening to be able to push their agenda through because they can't get it done at the ballot box – most times.

"ESG is the Trojan Horse that they're able to use unfortunately, other people's capital, many times pension plans, to be able to promote those ideas that right here in West Virginia we don't agree with."