GOP Reps Warn ESG Efforts Could Violate Antitrust Laws!

[Reagan]

From the article:  "Several Republican members of the House Judiciary Committee are warning that corporate environmental, social, and governance (ESG) efforts may run afoul of federal antitrust laws, if there is a concerted effort by different companies to advance certain goals.  "Woke corporations are collectively adopting and imposing progressive policy goals that American consumers do not want or do not need," the letter said. "An individual company’s use of corporate resources for progressive aims might violate fiduciary duties or other laws, harming its viability and alienating consumers. 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."  "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, abortion access, and "fake news dissemination.""

This is the hidden content, please

• Sign In
• or
• Sign Up