House Judiciary Committee Probes ESG Practices of Major Investors
Republican-led investigation questions potential antitrust violations linked to climate-focused investment strategies
- Chairman Jim Jordan's letters demand over 130 investors disclose ESG-related goals and communications.
- The probe targets Climate Action 100+, a coalition advocating for reduced greenhouse gas emissions.
- Critics argue the investigation aims to undermine climate activism and pressure companies.
- Some major asset managers have withdrawn from Climate Action 100+ amid the scrutiny.
- The committee's actions reflect a broader partisan divide on environmental, social, and governance issues.