Red states seek to break up major climate finance group

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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.

, 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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