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Conservatives fight back against environmental and socially conscious investments

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The extreme weather events that hit the U.S. and other countries have cast a sharp spotlight on the role of climate change. In recent years, those concerns have been a key part of significant changes in the way investment firms and companies do business. But now a backlash is brewing against what conservative politicians call "woke capitalism." Economics correspondent Paul Solman reports.

Correction: This report misstated the number of New York City teachers, transit workers and other public employees whose assets are overseen by the New York City Comptroller -- it is 750,000 not 750. We regret the error.

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Category
U.S. & Canada
Tags
carbon emissions, climate change, climate investments
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