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On Wall St., ‘Socially Responsible’ Is Common Sense. In Congress, It’s Political.


The idea is that you can’t make intelligent and informed investment choices without understanding how companies deal with issues like equity, diversity and inclusion in the workplace, women’s access to reproductive health care and, of course, climate change. That is especially true for “fiduciaries” — those charged with making prudent decisions for others.Fossil fuel companies like Exxon and Chevron, for example, have been enriched as global energy supplies were disrupted in response to Russia’s invasion of Ukraine. While the S&P 500 dropped more than 18 percent in 2022, energy was the only sector to rise, with a total return of almost 67 percent, with dividends.For investors who held these companies in their portfolios, energy was a bright spot. I invest with broad low-cost index funds that hol …

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