GOP senators open new front in war on ESG

A group of Republican senators has fired a warning shot at law firms that help businesses pursue environmental , social, and governance practices.

GOP Sens. Tom Cotton (AK), Chuck Grassley (IA), Marco Rubio (FL), Mike Lee (UT), and Marsha Blackburn (TN) sent letters to 51 law firms warning that their clients may be violating antitrust laws through the pursuit of their ESG endeavors. They also raised the specter of congressional investigations and told the firms to preserve documents for that eventuality.

The warning is just the latest in Republican efforts at the federal and state levels to push back against Wall Street aiming to advance social and environmental goals.