Rubio, Cotton Warn Law Firms to Prepare for Congressional Oversight
The Environmental, Social, and Governance (ESG) movement weaponizes the influence of large corporations in an attempt to reshape society by adopting far-left social and environmental agendas.
U.S Senators Marco Rubio (R-FL) and Tom Cotton (R-AR) sent a letter to 51 law firms reminding them of their duty to inform clients of the antitrust risk they incur by pursuing ESG initiatives. The letter advises law firms to preserve documents relevant to their ESG practices in preparation for congressional oversight of antitrust violations arising from illegal ESG collusion.
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Is Following ESG Criteria Breaking the Law?
“ESG initiatives can cause companies to break antitrust, civil rights, and Employee Retirement Income Security Agency (ERISA) laws.” https://t.co/RPZuKmovpY
— David Speakman (@DavidSpeakman1) November 5, 2022
“Older investors who rely on retirement savings to pay for living expenses are largely opposed to ESG initiatives and unwilling to suffer financial loss to advance environmental and social goals.
— Prof em. dr drs mr Lucas Bergkamp, LL.M. (Yale) (@lucasbergkamp) November 5, 2022
“Nearly half of CFOs plan to increase investment in ESG initiatives in 2023 despite high inflation, persistent supply chain bottlenecks and the risk of recession.”@TheClimateChain #ESG #CarbonEmissions #USAhttps://t.co/JN3FXBtEow
— Trey Rutledge 🇺🇸 (@treyrutledge3) November 6, 2022
“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. 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.”
Senators Marsha Blackburn (R-TN), Chuck Grassley (R-IA), and Mike Lee (R-UT) also signed the letter.
Read the full letter below:
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