Attorney General Sean Reyes, along with a dozen other Republican AGs, says federal regulators should evaluate Vanguard from buying public utility stocks.
Reyes is asking the Federal Energy Regulatory Commission to hold a hearing on whether Vanguard Group should be allowed to purchase large shares of publicly traded utilities due to its support of environmental, social and governance — or ESG — investing. “Vanguard’s own public commitments and other statements have at the very least created the appearance that Vanguard has breached its promises to the commission by engaging in environmental activism,” they wrote.
“Vanguard is speaking out of both sides of its mouth — telling FERC it is just a passive investor in utilities but at the same time committing to use its trillions to pressure companies away from fossil fuels. FERC should ensure that Vanguard’s activism will not lead to electricity price hikes and grid instability,” Reyes said in a news release.
He should go back to Nevada and search the entire state for 'stolen' votes -- at least that'd keep him occupied.
The grip of Big Oil. We will shake it off. But not as easily when you have elected officials who are supposed to be advancing the business of the people, not the business of Big Oil which acts in direct defiance of the interests of the people.
Reyes... one of Trump's generals in the 'Stop the Steal' attempt to overthrow our legitimately elected government. Now he's complaining about responsible investing? No surprises here. Reyes needs to STAY IN HIS LANE
SeanReyesUT really needs to stop wasting taxpayer money on frivolous lawsuits like this.
When did sustainable equal a bad investment?
Nobody wastes Utah taxpayers money better than Reyes
Reyes is taking up every MAGAt cause that slithers off FOX News. Why? Is he trying to set himself up for something in 2024?
What’s in it for him? He only acts when it’s in his own self-interest.
Just keep handing over more and more of our resources to the rich. Not a good idea.
Good
This corrupt fool needs to go and stop wasting tax money.
Stop wasting our money SeanReyesUT