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House Judiciary Committee continues investigation into ESG practices (2024)

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See also: Opposition to environmental, social, and corporate governance (ESG) investing, Climate Action 100+

August 6, 2024

House Judiciary Committee Chairman Jim Jordan (R-Ohio) sent letters to more than 130 investment organizations last week, asking about their involvement with ESG and international climate-related investing alliances like Climate Action 100+:

Republican ire has landed forcefully upon alliances that formed around corporate commitments to help combat climate change, partly driven by fears of job losses in the fossil fuel industry. One of those groups is Climate Action 100+, which boasts around 700 signatories.

The committee's letters pertain to Climate Action 100+'s push for companies to implement plans to deal with the energy transition.

Each recipient was asked what requests they will make of companies in their portfolio, and was told to preserve "all documents and communications referring or relating to the company's efforts to advance ESG-related goals".[1]

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  1. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.