State leaders in Indiana have taken significant steps to divest from China and from the environmental, social, and governance agenda.
“We have the good fortune in Indiana to have a Legislature that is on top of making sure that we divest from Chinese entities and from ESG-focused funds,” Indiana state Comptroller Elise Nieshalla says.
The ESG agenda has benefited China through its promotion of solar and wind energy, and electric vehicle batteries, all which China mass produces.
While some state asset managers are promoting investment in solar panels and EV batteries for electric vehicles in the name of “clean energy,” Nieshalla contends the methods China is using to produce those goods are far from clean.
“I think we have seen a true hypocrisy,” she says, “because while … the whole ESG movement has been putting intense pressure on the United…
