A new front in the war against environment, social and governance (ESG) was opened this month as House Judiciary Committee Republicans released a report accusing left-wing environmental activists and major financial institutions of colluding to force American companies to adopt anti-fossil fuel policies.
The GOP committee members followed up the report with a subcommittee hearing last Wednesday in which they grilled representatives from some of those institutions they accuse of being part of a “climate cartel” violating antitrust laws, a charge the witnesses denied.
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Rep. Thomas Massie, R-Ky., chair of the Antitrust, Commercial, and Administrative Law subcommittee, said that this “climate cartel” expressly requires investors who join them to pressure the companies they invest in to reach net zero emissions and adopt their desired left-wing policies.
Asset owners and managers, Massie said, then use the investments they control to force companies to disclose carbon emissions and adopt governance mechanisms that enforce climate […]
— Read More: justthenews.com
