Overview
- Florida Attorney General James Uthmeier led a letter to CEO Mindy Lubber urging Ceres to stop conduct the officials say violates antitrust and consumer-protection laws.
- The letter alleges Ceres coordinates pressure through stakeholder engagement, shareholder resolutions, and investor campaigns to replace directors in pursuit of net-zero goals.
- Signatories cite the Sherman Antitrust Act and claim Ceres’ efforts reduce oil demand and curb investment in new supply, which they argue harms consumers.
- The officials point to Ceres’ role in Climate Action 100+ and allege the group refused House Judiciary Committee access to an investor portal.
- Attorneys general from Alaska, North Dakota, Georgia, South Dakota, and Idaho joined Florida, and Ceres did not immediately respond to a request for comment.