This week in responsible investing, extreme anti-ESG actors doubled down on their unpopular positions despite the extreme weather bombarding Texas and other southern states, and an anti-responsible investing group is spreading misinformation about the Farm Bill in order to push big oil’s priorities. All that and more below:
UAF pushed back against a misinformation-riddled op-ed in the Dallas Express written by the “Carbon King” of the conservative American Energy Institute.
From UAF’s release: “The American Energy Institute is actively spreading misinformation about responsible investing. This latest effort puts on display their willingness to distort reality. Texas anti-ESG laws SB13 and SB19 are in fact a testament to the lengths greedy politicians will go to, including imposing fossil fuel mandates on taxpayers and threatening their pension funds.”
Lawmakers are doubling down on their anti-responsible investing measures, despite extreme weather conditions.
From UAF’s statement: “Both the human impact and the financial cost of recent extreme weather events across the U.S. are severe, and yet self-serving politicians in the pockets of billionaires continue to threaten our environment with their attacks on responsible investing. State lawmakers have an obligation to protect the safety and economic security of their constituents, and they should not be focused on appeasing their wealthy donors from the oil and gas industry.”
An anti-ESG group is exploiting farmers to help big oil.
From UAF’s ICYMI: Consumers Research, an anti-responsible investing organization led by rightwing judicial activist Leonard Leo, has expanded its attacks to the agriculture sector, exploiting America’s farmers to push an anti-ESG agenda funded by billionaires at the helm of the oil and gas industry. As reported in The Hill, Consumers Research recently launched a new campaign and website, ESGkillsfarms.com, creating a hub for misinformation around responsible investing in a transparent effort to mislead farmers.
A judge threw out an anti-ESG lawsuit against NYC pension funds.
From Pensions & Investments: This court’s decision is a big win for common-sense responsible investing, for New York City’s municipal workers and retirees, and for the future of our city and our planet … I’m delighted that the court dismissed this attempt by anti-ESG forces to undermine responsible investing and prevent the transition to a low-carbon economy,” said New York City Comptroller Brad Lander, a trustee to, and investment adviser and custodian for, the three pension funds, in a July 3 news release.
Read more:
- Pensions & Investments: Judge throws out anti-ESG lawsuit against New York City pension funds
- ‘Carbon King’ of American Energy Institute Pushes Anti-ESG Misinformation in Op-Ed for The Dallas Express
- E&E News: Business Roundtable targets climate rule supported by its members
- STATEMENT: Lawmakers Double Down on Anti-ESG Policies Despite Escalating Effects of Extreme Weather
- ICYMI: Consumers Research Exploits America’s Farmers for Big Oil’s Anti-ESG Agenda
