{"id":2088151,"date":"2023-11-02T15:00:01","date_gmt":"2023-11-02T19:00:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jim-jordan-subpoenas-esg-advocacy-groups-amid-probe-into-possible-antitrust-violations\/"},"modified":"2023-11-02T15:06:38","modified_gmt":"2023-11-02T19:06:38","slug":"jim-jordan-subpoenas-esg-advocacy-groups-amid-probe-into-possible-antitrust-violations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jim-jordan-subpoenas-esg-advocacy-groups-amid-probe-into-possible-antitrust-violations\/","title":{"rendered":"Jim Jordan subpoenas ESG advocacy groups in antitrust probe."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjim-jordan-subpoenas-esg-advocacy-groups-amid-probe-into-possible-antitrust-violations%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2088151&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<h2>Republican Lawmaker Subpoenas \u200dFinancial Institutions and Advocacy Group in\u200b Climate Probe<\/h2>\n<p>Rep.\u2063 Jim Jordan (R-Ohio) has taken action against a coalition of financial institutions and a corporate social responsibility advocacy group, subpoenaing them after they allegedly ignored requests \u200cfor documents. The \u200dsubpoenas are \u2062part of an\u200b ongoing investigation into \u2064potential violations of \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cvs-caremark-faces-lawsuit-over-fees-collected-from-pharmacies\/\" title=\"CVS Caremark sued for pharmacy fee collection.\">federal \u200bantitrust laws<\/a> by major climate\u2062 groups.<\/p>\n<p>The House Judiciary Committee, led by Rep. Jordan, is seeking documents and communications\u200d from &#8220;As\u2063 You Sow,&#8221; a \u2063member of Climate\u2064 Action\u200c 100+, and the &#8220;Glasgow Financial Alliance for Net Zero&#8221; (GFANZ). \u2063The committee is investigating agreements that\u2063 promote environmental, social, and\u200b governance (ESG) goals, which \u2063may potentially\u2062 violate antitrust laws.<\/p>\n<p>In a press \u200brelease, Rep. Jordan stated that the committee initially\u2063 contacted As \u200cYou Sow in \u200cAugust, \u200brequesting various documents\u200b related to their advancement of ESG policies. However, \u2064As You Sow has not produced any\u200d documents in response\u2064 to the committee&#8217;s requests.<\/p>\n<div class=\"shortcode\">\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\" id=\"in_article_related_stories\">\n<h2 class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related \u200bStories<\/h2>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-4 sm:line-clamp-3\">\n            <a href=\"http:\/\/www.theepochtimes.com\/us\/us-signs-esg-deal-to-accelerate-investment-in-critical-mineral-supply-chains-5521391?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3 class=\"text-sm sm:text-base\">US Signs ESG Deal to &#8216;Accelerate Investment&#8217; in Critical Mineral Supply Chains<\/h3>\n<p>            <\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">11\/1\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[70px] sm:basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/us\/us-signs-esg-deal-to-accelerate-investment-in-critical-mineral-supply-chains-5521391?ea_src=author_manual&#038;ea_med=related_stories\">\n            <picture><source type=\"image\/webp\" https:><\/source><source type=\"image\/jpeg\" https:><\/source>\n            <\/picture>\n          <\/a>\n        <\/div>\n<\/p><\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-4 sm:line-clamp-3\">\n            <a href=\"http:\/\/www.theepochtimes.com\/article\/pennsylvania-court-rules-cap-and-trade-energy-program-rggi-unconstitutional-5521069?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3 class=\"text-sm sm:text-base\">Court Pulls Pennsylvania \u200dout of RGGI Climate Plan<\/h3>\n<p>            <\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">11\/1\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[70px] sm:basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/article\/pennsylvania-court-rules-cap-and-trade-energy-program-rggi-unconstitutional-5521069?ea_src=author_manual&#038;ea_med=related_stories\">\n            <picture><source type=\"image\/webp\" https:><\/source><source type=\"image\/jpeg\" https:><\/source>\n            <\/picture>\n          <\/a>\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>&#8220;Corporations are \u200ccollectively adopting and imposing left-wing \u2064environmental, social, and\u2063 governance (ESG)-related\u2063 goals, and the Committee is concerned that As You Sow appears to\u200c facilitate collusion that may\u200b violate U.S.\u200b antitrust law,&#8221; Rep. Jordan\u2063 wrote\u200d in the subpoena \u2063letter to As You Sow.<\/p>\n<p>Rep. Jordan emphasized the need to understand how As You Sow \u200cpromotes \u200dESG-related goals and\u2064 potentially facilitates collusion. He expressed disappointment that As You Sow has\u200b not complied \u2063with the committee&#8217;s requests voluntarily.<\/p>\n<p>Furthermore, Rep.\u2062 Jordan\u200c revealed \u2064that the\u200d committee had also written to \u200bGFANZ in\u200c July, requesting documents related to its ESG policies. The subpoenas \u200dcome as \u2064Republican lawmakers continue to raise concerns over ESG policies, fearing their impact \u200con investment \u200dreturns and economic growth.<\/p>\n<div class=\"my-5\">\n<h2>Emission Goals Would\u2063 Require\u2063 &#8216;Radical\u200b Steps&#8217;<\/h2>\n<p>In his original letter, Rep. Jordan accused \u2062GFANZ and its Net Zero Asset Managers (NZAM) initiative of \u200bcoordinating collusive \u2062agreements to achieve net zero\u2064 greenhouse \u200cgas emissions by\u200d 2050. He highlighted the potential violation of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ftc-expands-its-power-to-penalize-powerful-companies\/\" title=\"FTC Expands Its Power to Penalize Powerful Companies\">federal antitrust laws<\/a>\u2062 and the drastic measures \u2062required to reach such emission goals.<\/p>\n<p>According to Rep. Jordan, achieving\u2064 net zero by 2050 would \u200binvolve significant declines in the use of coal, oil,\u200b and\u2063 gas. He emphasized the\u2064 need to \u200chalt sales of new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jim-jordan-subpoenas-esg-advocacy-groups-amid-probe-into-possible-antitrust-violations\/\" title=\"Jim Jordan subpoenas ESG advocacy groups in antitrust probe.\">internal combustion engine passenger\u2063 cars<\/a> by 2035 and phase out all unabated \u200ccoal and oil power plants by \u200b2040.<\/p>\n<p>Rep. Jordan argued that \u200dthese collusive \u2062agreements harm competition \u2062and\u200b consumers, making them illegal under the Sherman Antitrust Act of\u2063 1890.<\/p>\n<\/p><\/div>\n<div class=\"my-5\">\n<h2>Concerns Over ESG Policies<\/h2>\n<p>Rep. Jordan expressed dissatisfaction with GFANZ&#8217;s responses to the committee&#8217;s requests, \u2064deeming them inadequate and \u200blimited. He highlighted \u2063the exclusion of pre-2022 documents \u200cand \u2064communications related to GFANZ&#8217;s founding.<\/p>\n<p>Additionally, Rep. Jordan sent similar letters to Vanguard, BlackRock, and State Street,\u200d the world&#8217;s \u200dlargest \u2063asset managers, in August. The \u200bsubpoenas reflect ongoing concerns \u200damong GOP\u200b lawmakers regarding the potential impact of\u200d ESG policies on investment returns\u2063 and economic growth.<\/p>\n<\/p><\/div>\n<div class=\"my-5\">\n<p>Responding\u200c to Rep. Jordan&#8217;s letter, As\u200d You Sow\u200d President Danielle Fugere assured that her organization would answer reasonable questions. However, \u200cshe criticized the subpoena as flawed and overly\u200b broad, stating that the antitrust allegations twisted \u200dboth the facts\u200b and the law.<\/p>\n<p>The Epoch Times has \u200creached out to GFANZ for further \u200dcomment.<\/p>\n<\/p><\/div>\n<\/blockquote>\n<p> <\/p>\n<h2> How does\u200c the House Judiciary Committee led by Rep. Jim Jordan plan to investigate potential violations \u200bof federal antitrust laws related to the promotion of environmental, social, and governance (ESG) goals by\u2064 &#8220;As You Sow&#8221; and &#8220;Glasgow Financial Alliance for Net Zero&#8221; (GFANZ)?<\/h2>\n<p><span>  G and its potential violations of federal antitrust laws.<\/p>\n<p>Republican lawmaker Rep. Jim Jordan of Ohio has taken \u2064action against a coalition of financial institutions and a corporate social\u2063 responsibility advocacy\u200d group. The subpoenas were issued after these\u200b entities allegedly ignored requests for documents, as part of an ongoing investigation \u2064into \u200cpotential violations of federal antitrust laws \u200bby <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-republicans-launch-antitrust-investigation-into-climate-obsessed-corporate-cartel\/\" title=\"EXCLUSIVE: Republicans Launch Antitrust Investigation Into Climate-Obsessed Corporate \u2018Cartel\u2019\">major climate groups<\/a>.<\/p>\n<p>The \u200dHouse Judiciary Committee, led by Rep.\u200b Jordan, is specifically seeking documents and communications from &#8220;As You Sow,&#8221; a\u2062 member of Climate Action 100+, and the &#8220;Glasgow Financial Alliance for Net Zero&#8221; (GFANZ). The committee is \u2064investigating agreements that promote environmental, social, and governance (ESG) goals, which may <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-republicans-say-blackrock-vanguards-esg-policies-may-violate-antitrust-law\/\" title=\"House Republicans claim that the ESG policies of BlackRock and Vanguard might breach antitrust laws.\">potentially violate antitrust laws<\/a>.<\/p>\n<p>In a press release, Rep. Jordan stated that \u200dthe committee\u2062 initially contacted As You\u2063 Sow in August, requesting\u200b various\u2062 documents related to their\u2062 advancement of ESG policies. However, As\u200d You Sow has not produced any documents\u2063 in response to\u2063 the committee&#8217;s requests.<\/p>\n<p>The congressman\u2063 emphasized the need to understand\u2063 how As \u200cYou\u200c Sow promotes ESG-related goals and \u200bpotentially facilitates collusion. Rep. Jordan expressed disappointment that As You Sow has not complied with the \u200ccommittee&#8217;s requests \u200cvoluntarily.<\/p>\n<p>Furthermore, Rep. Jordan revealed that the committee had also written to GFANZ in July, requesting documents related to its \u200cESG policies.\u2063 The\u2062 subpoenas come as Republican lawmakers\u2063 continue to raise concerns over ESG and its implications on potential antitrust violations.<\/p>\n<p>Corporations adopting and implementing left-wing environmental, social, and governance goals have attracted\u200b scrutiny from Republicans. The committee believes \u2062that As You Sow may facilitate collusion that violates U.S. \u200dantitrust law.<\/p>\n<p>It is crucial for\u2064 the committee to investigate and shed light on the activities of\u200c As You Sow\u200d and GFANZ to ensure compliance with\u200b antitrust laws. \u2063This \u2064probe seeks to ensure fairness\u2062 and prevent any potential abuse of power or collusion that may harm free market \u200ccompetition.<\/p>\n<p>As the<\/p>\n","protected":false},"excerpt":{"rendered":"<p>committee, issued the subpoenas to financial institutions and an advocacy group on Nov. 1. They were accused of not providing requested documents for an investigation into potential antitrust law violations by climate organizations. Rep. Jim Jordan, a Republican from Ohio, took this action as part of his role in the House Judiciary committee.<\/p>\n","protected":false},"author":69,"featured_media":2088152,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2088151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2088151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/69"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2088151"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2088151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2088152"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2088151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2088151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2088151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}