All articles tagged with #esg goals
The House Judiciary Committee has released an interim report alleging that a "climate cartel" consisting of financial firms and climate activists engaged in collusion and anticompetitive behavior to enforce ESG goals on U.S. companies. The report claims that this group attempted to replace Exxon Mobil board members in 2021 after the company refused to commit to certain climate pledges.
House Judiciary Committee Chairman Jim Jordan has issued subpoenas to BlackRock and State Street Global Advisors, two major financial firms, as part of an investigation into whether current antitrust laws can address collusive agreements between corporations to advance politicized Environmental, Social and Corporate Governance (ESG) agendas. The subpoenas were issued after the firms' inadequate response to the committee's requests for documents and communications. Jordan alleges that the companies have entered into collusive agreements to promote ESG goals that may violate antitrust laws. Vanguard and Arjuna Capital were also subpoenaed for the same reasons earlier this week.