HILL ENERGY BRIEFING: GOP, US Agencies Up Scrutiny of ESG

Republicans aren’t letting up on the attacks against ESG policies, as companies also face increasing scrutiny from federal agencies on such policies.

Republicans made attacks on ESG a 2024 campaign issue, and the House Financial Services Committee will intensify attacks with two hearings this week.

The first on Wednesday will examine ESG influence on financial regulation, where members will discuss almost 20 bills — among them a measure allowing shareholders to exclude any environmental, social, or political proposals.

Other legislation would restrict the SEC examining certain topics, while calling for studies on sustainability directives, as well as how ...