GOP members of the House Judiciary Committee are warning that efforts to get coporations on the same page to advance ESG goals may violate federal antitrust laws.
The founder of the crypto exchange FTX manipulated ESG to convince investors that everything was above board before filing for bankruptcy, investor says.
"At its core, ESG is merely partisan politics masquerading as responsible corporate governance," the Republicans said, noting that a central "policy centerpiece" of ESG is "stifling investments in oil and gas," while other goals could include gun control,"Corporate America’s collusion in pursuit of ESG goals may violate federal or state antitrust laws," the lawmakers continued, arguing that "cooperation among competitors" is frowned upon...
The Republicans are requesting documents and communications related to subjects including markets and industries where Ceres and Climate Action 100+ try to advance ESG goals, and efforts "to obtain or solicit agreements, commitments, or other types of participation from any investors, members, or other companies[.]"
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