RealClear Markets: ESG Posturing Informs Too Much of Biden’s Budget Proposal

Balancing economic development with environmental stewardship is a defining element of American conservation practices. Yet aligning billions in federal spending to the dangerous Environmental, Social, and Governance (ESG) philosophy is not a way to achieve harmony here. In fact, the contrary is true.

President Joe Biden’s newly-unveiled Fiscal Year 2024 budget, stacked with costly and problematic climate-centric provisions, comes with a steep price tag of $6.9 trillion dollars. Contained in this hefty sum is $52.2 billion in discretionary spending to go to causes such as “tackling the climate crisis” and seeking environmental justice.

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