Hearings

Climate Control: Decarbonization Collusion in Environmental, Social, and Governance (ESG) Investing

Subcommittee on the Administrative State, Regulatory Reform, and Antitrust

Location: 2141 RHOB

Climate Control: Decarbonization Collusion in Environmental, Social, and Governance (ESG) Investing


Hearing: Climate Control: Decarbonization Collusion in Environmental, Social, and Governance (ESG) Investing

Subcommittee on the Administrative State, Regulatory Reform, and Antitrust (Committee on the Judiciary)

Wednesday, June 12, 2024 (10:30 AM)

2141 RHOB
Washington, D.C.

Support Documents

  • A document titled Emerging & Diverse Manager Data Report dated March 2013, submitted for the Record by Mr. Gaetz of FL. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from CalPERS titled CalPERS Reports Preliminary 5.8% Investment Return for 2022-23 Fiscal Year dated July 19, 2023, submitted for the Record by Mr. Gaetz of FL. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Pensions&Investments titled Florida Retirement System notches net 7.5% for fiscal year dated September 6, 2023, submitted for the Record by Mr. Gaetz of FL. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from Principles for Responsible Investment (PRI) titled Global Sector Strategies: Investor Actions to Align the Aviation Sector with the IEAs 1.5 C Decarbonization Pathway dated March 2022, submitted for the Record by Mr. Massie of KY. [PDF] Added 06/13/2024 at 02:34 PM
  • A shareholder agreement from Arjuna Capital dated January 2021, submitted for the Record by Mr. Massie of KY. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Energy Bad Boys titled Hawaii Five Uh-Oh! Power Outages in Paradise dated January 13, 2024, submitted for the Record by Ms. Hageman of WY. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from National Review Online titled The Moral High Ground dated September 7, 2011, submitted by Ms. Hageman of WY. [PDF] Added 06/13/2024 at 02:34 PM
  • An executive summary from ExxonMobil titled 2024 Advancing Climate Solutions dated January 8, 2024, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Climate.gov titled 2023: A historic year of U.S. billion-dollar weather and climate disasters dated January 8, 2024, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Satista.com titled The Soaring Cost Of Climate Change, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Independent.co titled Cities ablaze and countries submerged: The worst climate disasters of 2022 dated January 10, 2023, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Calpers.gov titled Why Were Opposing Divestment in Senate Bill 252 dated March 30, 2023, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from NYU Center for Sustainable Business titled ESG and Financial Performance Uncovering the Relationship by Aggregating Evidence from 1,000 Plus Studies Published between 2015-2020 by Tensie Whelan, Ulrich Atz, and Casey Clark, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document titled California Public Employees Retirement System Total Fund Investment Policy, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from BlackRock titled Energy investing: Setting the record straight, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Visionresearchreports.com titled Oil and Gas Analytics Market Size to Reach US$ 50 Billion by 2030, submitted by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A chart titled Chart 1: 2024 Oil Market Deficit Should Keep Prices Elevated, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from CalPERS titled Trust Level Review: As of December 31, 2023, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from Standard & Poors titled Shareholder Rights & Corporate Disclosure: Corporate Governance Conference dated March 2006, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from Delta Air Lines titled United States: Securities and Exchange Commission dated December 31, 2023, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from the New York Times titled How Climate Change Turned Lush Hawaii Into a Tinderbox, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from the New York Times titled Not Sustainable: High Insurance Costs Threaten Affordable Housing dated June 7, 2024, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from NBC News titled Drought and wind: How Mauis wildfires turned into a tragedy dated August 10, 2023, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from Kut.org titled Energy officials warn of winter blackout risk in Texas and beyond, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 03:32 PM
  • A letter to Attorney General Merrick Garland and Assistant Attorney General Jonathan Kanter from House Judiciary Democrats dated June 4, 2024, submitted for the Record by Mr. Nadler of NY. [PDF] Added 06/13/2024 at 03:32 PM
  • A document from McKinsey & Company titled Diversity Matters Even More: The case for holistic impact dated November 2023, submitted for the Record by Mr. Nadler of NY. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from the Wall Street Journal titled Conservatives Have a New Rallying Cry: Down With ESG dated February 26, 2023, submitted for the Record by Mr. Johnson of GA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from the Guardian titled Far-right fossil fuels company allies pressure US supreme court to shield firms in unprecedented campaign dated June 9, 2024, submitted for the Record by Mr. Johnson of GA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from Documented.net titled State Attorneys General Join Anti-ESG Effort, Amid, submitted for the Record by Mr. Johnson of GA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from Documented.net titled Dark Money Group Weaponizes State Treasurers in Attacks, submitted for the Record by Mr. Johnson of GA. [PDF] Added 06/13/2024 at 03:32 PM
  • A document from Climate Action 100+ titled Climate Action 100+ Signatory Handbook dated June 2023, submitted for the Record by Ms. Scanlon of PA. [PDF] Added 06/17/2024 at 01:11 PM
  • House Judiciary Democratic Staff Report titled Unsustainable and Unoriginal: How the Republicans Borrowed a Bogus Antitrust Theory to Protect Big Oil dated June 11, 2024, submitted for the Record by Ms. Balint of VT. [PDF] Added 06/17/2024 at 01:11 PM

First Published: June 5, 2024 at 09:17 AM

Witnesses

Mr. Dan Bienvenue
Interim Chief Investment Officer, CalPERS

  • Bienvenue Testimony [PDF]
  • Bienvenue Biography [PDF]
  • Bienvenue Truth in Testimony [PDF]

Mr. Keith Ellison
Minnesota Attorney General

  • Ellison Testimony [PDF]
  • Ellison Truth in Testimony [PDF]
  • Ellison Biography [PDF]

Ms. Natasha Lamb
Managing Partner and Chief Investment Officer, Arjuna Capital

  • Lamb Testimony [PDF]
  • Lamb Truth in Testimony [PDF]
  • Lamb Biography [PDF]

Ms. Mindy Lubber
Chief Executive Officer and President, Ceres

  • Lubber Testimony [PDF]
  • Lubber Truth in Testimony [PDF]
  • Lubber Biography [PDF]