Treasury Bars Scammy ESG Funds From Trump Accounts, Citing Left-Wing 'Political Activism' Concerns
The Treasury Department is moving forward with rules that would exclude investment funds built around scammy, globalist environmental, social, and governance (ESG) criteria from Trump Accounts.
Fox Business reports that under the newly proposed framework, qualifying indexes would need to track broad segments of US or global equity markets using objective financial criteria, rather than criteria crafted by social justice warriors who seek to make the West energy-poor.
"Corporate America has rejected ESG ideology, and we will not allow it to be a part of Trump Accounts," Treasury Secretary Scott Bessent told the outlet in a statement.
Treasury Department bars ESG funds from Trump Accounts, citing 'political activism' concerns: https://t.co/pRvofRHZB3
— Commentary Donald J. Trump Truth Social Posts On X (@TrumpTruthOnX) August 21, 2026
( TS: Aug 21 2026, 1:21 PM ET ) pic.twitter.com/FmVLgAhwbR
ESG scores have been hijacked and "weaponized" by social justice warriors over the years. For instance, large tobacco companies have received higher ESG scores than Elon Musk's Tesla.
The ESG Ruse Continues: Legacy Tobacco Companies Are Posting Higher ESG Scores Than EV Maker Tesla https://t.co/jlOisi3UNJ
— zerohedge (@zerohedge) June 15, 2023
"Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn't make the list!" Elon Musk wrote on X several years ago.
Musk is right...
Meanwhile, earlier this year, the ESG ruse continued with MSCI's decision to assign SpaceX the "lowest possible ESG rating," while Big Oil and defense companies scored high on the list.
ESG investing has drawn criticism from Republicans who say these funds incorporate ESG standards that may subordinate investor returns to political priorities.
Trump Accounts launched on July 4 and have attracted more than 7 million registrations, the outlet said, citing a Treasury spokeswoman. More than 2 million enrolled children are eligible for a $1,000 federal contribution.
James Lindsay, the author of "Race Marxism" and other books challenging woke narratives, has noted that ESG is merely a weapon in the hands of "social justice warriors" seeking to shake down corporations and a tool for those attempting to impose a "one-world government."