House Republicans Warn ESG (“environmental, social, and governance”) Policies May Violate Antitrust Laws

The ESG agenda has now included “stifling investment in oil and gas,” gun control, abortion access, and “fake news dissemination,” according to the letter.

“But when companies agree to work together to punish disfavored views or industries, or to otherwise advance environmental, social, and governance (ESG) goals, this coordinated behavior may violate the antitrust laws and harm American consumers. ““Woke corporations are collectively adopting and imposing progressive policy goals that American consumers do not want or do not need. An individual company’s use of corporate resources for progressive aims might violate fiduciary duties or other laws, harming its viability and alienating consumers,” the lawmakers wrote.

House Republicans Warn ESG Policies May Violate Antitrust Laws, Demand Documents From Investor Group | NTD