House Judiciary Committee Democrats have launched a probe into the financial impact of recent anti-ESG laws passed in Florida and Texas. The two conservative states have made it illegal to consider environment, sustainability and governance (“ESG”) factors in policy and state funds, causing companies with ties to the green-energy movement to divest from the two states.

ESG has been one of the trending topics in the financial world for several years and guided the investment strategies of major investment houses such as BlackRock for quite a while. However, ESG considerations have come under attack from the GOP in recent years as the right has become increasingly hostile to ESG investing. The culmination…

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