An unabashedly right-wing business development corporation is seeking to raise $500 million in an initial public offering so it can fund companies involved in fossil fuels, firearms and other increasingly controversial sectors being shunned by proponents of “socially responsible investing.”

Decrying the rise of “left-liberal bias” in so-called impact investing, Freedom Capital Corp. on Tuesday filed a registration statement with the Securities and Exchange Commission along with a prospectus on the plan to sell 50 million shares of common stock at a price of $10 a share.

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