House Committee Says It Finds Evidence of ‘Climate Cartel’ (2)

The House Judiciary Committee said it’s found “substantial evidence of collusion and anticompetitive behavior” by the financial industry to “impose radical ESG-goals” on US companies.

An interim report published by the Republican-led committee said “a cartel” of financial firms and climate activists sought to replace Exxon Mobil Corp. board members in 2021 after the company declined to make a series of climate pledges.

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“Unfortunately, the pressure campaign against Exxon Mobil isn’t an isolated incident,” the committee wrote. “Through coordinated shareholder pressure campaigns at US companies, the climate cartel seeks ...