Analysis:
The article discusses the impact of a political backlash against ESG issues in the United States on the country's green economy. According to JPMorgan's Chuka Umunna, the backlash is overstated and not significantly affecting the movement of money towards sustainable investments. Despite some companies and investors talking less about sustainability, their investment behavior is similar to that of their European counterparts. While there have been anti-ESG resolutions and bills proposed in the U.S., very few have actually passed. The main challenges for companies in the U.S. seeking investment support are inflation, supply-chain issues, and high interest rates, rather than ESG-related issues. Overall, the article suggests that the noise surrounding ESG in the U.S. may not be significantly impacting valuations, as there are more fundamental economic issues at play.