GOP warns insurance companies on ESG policies: ‘Americans are paying the price’
Fox News
Over two dozen GOP AGs told insurance companies that their ESG policies that advance an "activist climate agenda" could possibly violate antirust laws.
Companies who got the letter have agreements to push these priorities with the Net-Zero Insurance Alliance (NZIA) and Net-Zero Asset Owner Alliance (NZAOA), which the AGs say could violate both state and federal antitrust laws. Brianna Herlihy is a politics writer for Fox News Digital.
"The ESG movement has spread to every corner of the world’s financial and energy sectors, and unsuspecting Americans are paying the price," Reyes said in a statement to Fox News Digital.
"Insurers have an obligation to protect the interests of their clients, not advance a radical environmental agenda. Utah is taking a stand against these efforts to stop the increased prices and other harms these horizontal agreements will cause," he said.