During his "My Take," Tuesday "Varney & Co." host Stuart Varney reacted to Biden issuing his first veto since taking office, rejecting a bill that sought to block ESG investing, arguing the move is part of a broader plan to divert private money into companies that promote climate change and social justice.
: President Biden will not take a step back on climate. No pause in the onward dash to a carbon-free future.
He may try to reverse his failures on the border and on crime, but when it comes to climate, not even a moment of reflection.
He has just issued his first veto. It was about environmentalists telling you, how to invest your pension money. The president wants to make sure the greens still have that control, so he vetoed a bipartisan bill that would have protected your retirement savings from politicized investment decisions.
FOX Business' Stuart Varney discusses Biden vetoing anti-ESG investing legislation (Fox News)
You have to put up and shut up. Don't complain if the investments dictated for you don't pan out. The president's veto means you can't sue. You have no redress.
The greens have grabbed control of your money and the president has moved to keep it that way.
It's part of a broader plan to divert private money into companies that promote climate and social justice.
This is the environment, social and governance movement, ESG. You are being forced to be "woke" with your money. ESG has inflicted a lot of major corporations.
President Joe Biden speaks during the "Accelerating Clean Technology Innovation and Deployment" event at the COP26 U.N. Climate Summit, ((AP Photo/Evan Vucci, Pool, File) / AP Newsroom)
They are towing the ESG line, and the president is forcing you to go along.
Senate leader Chuck Schumer says investors have to adapt to the green future. He says it's for your own good and the good of the country.
Thank you, Mr. senator and thank you, Mr. president, but this is America, and we don't like our investment decisions being dictated by the elites.