Republican Senators Fire Warning Shot, Threaten To Investigate Woke Corporations Over Anti-Fossil Fuel Collusion | Eastern North Carolina Now | Republican members of the Senate cautioned attorneys to “preserve relevant documents” as lawmakers float antitrust investigations regarding the environmental, social, and governance movement, also known as ESG.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ben Zeisloft.

    Republican members of the Senate cautioned attorneys to "preserve relevant documents" as lawmakers float antitrust investigations regarding the environmental, social, and governance movement, also known as ESG.

    A letter, spearheaded by Sen. Tom Cotton (R-AR), told more than four dozen law firms to warn corporate clients about "the risks they incur by participating in climate cartels and other ill-advised ESG schemes," referencing the fact that FTC Commissioner Lina Khan recently said during a hearing that there is no "ESG exemption" to antitrust laws.

    "The ESG movement attempts to weaponize corporations to reshape society in ways that Americans would never endorse at the ballot box," the letter stated. "Of particular concern is the collusive effort to restrict the supply of coal, oil, and gas, which is driving up energy costs across the globe and empowering America's adversaries abroad."

    Beyond asset managers encouraging portfolio companies to rapidly pivot toward renewable energy, six major banks recently came under scrutiny from Republican state attorneys general for jointly vowing to discourage fossil fuel use and investment. The financial institutions were served with civil investigative demands requesting details about their involvement with Net-Zero Banking Alliance, a project of the United Nations which seeks to unify bank portfolios toward the goal of eliminating carbon emissions by 2050.

    "Over the coming months and years, Congress will increasingly use its oversight powers to scrutinize the institutionalized antitrust violations being committed in the name of ESG, and refer those violations to the FTC and the Department of Justice," the letter added. "To the extent that your firm continues to advise clients regarding participation in ESG initiatives, both you and those clients should take care to preserve relevant documents in anticipation of those investigations."

    The letter was also endorsed by Sen. Marsha Blackburn (R-TN), Sen. Chuck Grassley (R-IA), Sen. Mike Lee (R-UT), and Sen. Marco Rubio (R-FL).

    Republican officials in South Carolina, Louisiana, Missouri, West Virginia, and Utah have divested funds from BlackRock and other asset managers engaged in the ESG movement, under which executives encourage portfolio companies to adopt green energy standards, introduce racial hiring quotas, or otherwise mingle activism with maximizing profits.

    Conservatives also argue that the ESG movement threatens the economy of many states by discouraging fossil fuel investment. The government of Texas recently concluded that BlackRock and nine other firms had violated state law by "refusing to deal with" companies involved in the production and use of fossil fuels "without an ordinary business purpose."

    BlackRock responded to the states' criticism and broader market forces by extending voting choice to more institutional investors, allowing public and private clients to vote their own shares in portfolio companies instead of surrendering such rights to asset managers. "It's clear there are investors who don't want to sit on the sidelines; they have a view on corporate governance, and they want a meaningful way to express those views," BlackRock CEO Larry Fink wrote in a letter. "While some pension funds have long been actively involved in corporate governance, we're working to make that easier and more efficient for a larger number of investors."

poll#164
It has been far too many years since the Woke theology interlaced its canons within the fabric of the Indoctrination Realm, so it is nigh time to ask: Does this Representative Republic continue, as a functioning society of a self-governed people, by contending with the unusual, self absorbed dictates of the Woke, and their vast array of Victimhood scenarios?
  Yes, the Religion of Woke must continue; there are so many groups of underprivileged, underserved, a direct result of unrelenting Inequity; they deserve everything.
  No; the Woke fools must be toppled from their self-anointed pedestal; a functioning society of a good Constitutional people cannot withstand this level of "existential" favoritism as it exists now.
  I just observe; with this thoughtful observation: What will happen "when the Vikings are breeching our walls;" how do the Woke react?
349 total vote(s)     What's your Opinion?


poll#167
The Democrat leadership has made constant, profound and incredible pronouncements that one's supportive vote for Republicans is tantamount to surrendering Democracy forever. Understanding their sincere thinking in their extreme position: How will you still vote on this election day?
  Democrat; because the continuance of this Democracy from the existential threat of extreme Republicans is paramount.
  Republican; the process of having a choice is the democratic method within what so called "Democracy" does exists.
  For the best candidate; and to be clear: This Constitutional Republic /this Representative Republic is not a Democracy, and never has been.
252 total vote(s)     What's your Opinion?

Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




While CNN Displays Data Showing NYC Crime Up 31%, Kathy Hochul Says GOP Dishonest About Rising Lawlessness Daily Wire, Guest Editorial, Editorials, Op-Ed & Politics READ IT: Elon Musk Sends Blunt Message To 3,700 Fired Twitter Employees


HbAD0

Latest Op-Ed & Politics

Democrats have dedicated themselves to finding a new social media platform that will agree to censor damaging stories coming about how they used other social media platforms to censor damaging stories.
Actor James Woods praised Twitter CEO Elon Musk during an interview Friday night, saying that Musk quite possibly “saved America” by releasing internal company documents showing how former employees censored conservatives and a story about President Joe Biden’s son.
If you are hosting Thanksgiving this year, you can expect to pay much more for your feast. Nearly all your favorite ingredients will have increased in price since last year.
Twitter CEO Elon Musk released internal company documents through journalist Matt Taibbi about the company's censorship of the Hunter Biden laptop story during the 2020 presidential election that showed that top officials at the company were in regular contact with Democrats.
As “Drag Queen Story Hour” events sweep the nation, two ministers are exhorting fellow Christian men to bring “Pastor Story Hour” to their local public libraries.

HbAD1

On Monday Nov. 7, U.S. Attorney of the Eastern District of North Carolina federal court Michael Easley announced that an assistant U.S. Attorney, Susan Menzer, would serve as a district election officer (DEO).
Sen. Raphael Warnock (D-GA) has defeated Republican challenger Herschel Walker in Georgia’s 2022 Senate runoff election. DecisionDeskHQ called the race at approximately 9:48 p.m.
Months after becoming Twitter’s deputy general counsel, former top FBI lawyer James Baker appeared to support the social media site’s move to suppress the New York Post’s report on Hunter Biden’s laptop in the run-up to the 2020 presidential election
Rookie heavenly angel Raphael unleashed total panic after forgetting to shout "fear not" upon showing himself to a group of Israelites.
A Georgia judge overturned a state law Tuesday that bans abortions of unborn children with a heartbeat at six weeks gestational age.
The U.S. solicitor general will take part in U.S. Supreme Court oral arguments next month in Moore v. Harper. It's a case dealing with a dispute over North Carolina's congressional election map.

HbAD2

Kid Rock slammed “dumb liberals” who he said have moved to red states and brought their “effing politics” with them as he mounts an effort to prevent the former home of late-legendary country music star Hank Williams from being destroyed.

HbAD3

 
Back to Top