Share on LinkedInShare on LinkedIn

ARTICLE · 26 MAY 2023

House Committee On Oversight And Accountability ESG Hearing Summary

Arnold & Porter
Arnold & Porter
Contributor
Arnold & Porter

Arnold & Porter

With over 1,000 lawyers across 16 offices worldwide, Arnold & Porter is renowned for its...

View firm profile
Explore more from Arnold & Porter

The House Committee on Oversight and Reform (the Committee) hosted a hearing entitled "ESG Part I: An Examination of Environmental, Social, and Governance Practices with Attorneys General.

United StatesEnvironment

The House Committee on Oversight and Reform (the Committee) hosted a hearing entitled "ESG Part I: An Examination of Environmental, Social, and Governance Practices with Attorneys General." The hearing follows the public release of a letter signed by 21 Republican attorneys general addressed to various asset managers articulating "[their] concerns about the ongoing agreements between asset managers to use Americans' savings to push political goals during the upcoming proxy season."

Two of those signatories, Attorney General Steve Marshall of Alabama and Attorney General Sean Reyes of Utah, participated in the hearing. Attorney General Marshall's position is that ESG investors are forcing certain corporations to engage in politically driven practices at the expense of shareholders. Attorney General Reyes characterized ESG as promoting renewable energy while undermining American energy independence. He furthered described ESG considerations as usurping congressional

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from