Red states seek to break up major climate finance group

France Nouvelles Nouvelles

Red states seek to break up major climate finance group
France Dernières Nouvelles,France Actualités

Republican attorneys general from nearly two dozen states are aiming to disband a U.N. coalition of the world’s largest financial companies dedicated to reaching net-zero fossil fuel emissions by 2050.

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, told The Washington Times. “There are laws out there addressing companies working together to the detriment of consumers. If the facts bear it out, I don’t think any of the AGs concerned about this would hesitate to use their enforcement authority.”The alliance’s push to reach net-zero by 2050 is part of the climate-conscious investment strategy known as environmental, social and corporate governance investing, or ESG, that Republicans call “woke capitalism.

is part of the U.N.-backed Glasgow Financial Alliance for Net Zero, which calls itself “the world’s largest coalition of financial institutions committed to transitioning the global economy to net-zero greenhouse gas emissions.”Skremetti

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