ESG-Wary House Republicans Seek to Rein in SEC, BlackRock (1)

The Republican-led House is starting to ramp up its attacks on environmental, social and governance investing, putting the Democratic-led SEC and ESG backers on notice.

The House Financial Services Committee under Chairman Patrick McHenry (R-N.C.) is preparing to bring Securities and Exchange Commission Chair Gary Gensler to Capitol Hill to grill him on his agency’s plans to require climate disclosures from companies. Republicans on the panel this month also raised concerns with Gensler about his agency helping shareholders get ESG proposals on companies’ proxy ballots.

Democrats, meanwhile, are largely expected to serve as a bulwark to Republicans’ ESG ...