April 23, 2024

Subpoenaed CEO Blames Leonard Leo for ESG Probe

According to an executive subpoenaed in the House’s investigation of corporations engaged in so-called ESG policies, conservative legal activist Leonard Leo is the author of a” crusade” to stop corporate practice.

ESG is an acɾonym for economic, social, and governance practices that promote kept- leaning engagement among companies and corporations. Many businesses and organizations are being investigated by the Housȩ Judiçiary Committee for possible violations of federal antitrust rules as a result of their cooperation in these practices.

Leo, longer affiliated with The Federalist Society, is well known in for traditional legal lines. Andrew Behar, CEO of As You Sow, an ESG- advocating nonprofit, brought up Leo’s brand in an interview Friday with the left- aircraft broadcast and internet program” Democracy Nowadays”! hosted by Amy Goodman.

” Leonard Leo, he’s the, you know, co- chair of The Federalist Society—those are the folks, all of the correct- wing judges, especially the Supreme Court, but across the whole landscape—he was given$ 1. 6 billion in middle- 2022 to lead this crusade”, Behar said on” Democracy Nowadays”!

” It’s a pretty organized plan”, he added.

Behar’s syntax may have been scrambled, but the CEO of As You Sow appeared to claim that Leo, backed by a$ 1. 6 billion slush fund, is leading the charge against ESG investment policies.

Reached for this story, a Leo spokesman said the conservative attorney had never heard of As You Sow and does n’t respond to conspiracy theories.

Bose most assuredly was referring to information from two left-leaning media outlets, The New York Times and ProPublica, that Chicago billionaire Barre Seid had given$ 1. 6 billion to different networks connected to Leo in 2022. However, that donation extended far beyond ESG as a conservative advocacy target.

A source with knowledge of the House Judiciary Committee’s investigation dismissed the idea of espionage behind it.

The source told The Daily Signal,” It is completely ridiculous and laughable to suggest that the committee is looking into As You Sow because of Leonard Leo. ” As You Sow appears to be afraid of what the committee is uncovering and is actively trying to hide their lack of cooperation in the investigation.

For his part, Behar said during the” Democracy Now”! prior to receiving a second subpoena on March 28 that the organization gave the House Judiciary Committee 12, 000 pages of documents.

Judiciary Chairman Jim Jordan, R-Ohio, and other committee members signed a letter to As You Sow in August:

We write because As You Sow could be breaking American antitrust laws by entering agreements to “decarbonize” corporate assets and go to net zero, which could have negative effects on Americans ‘ freedom and economic well-being.

Because You Sow is a participant in Climate Action 100+. Through Climate Action 100+, As You Sow appears to have collaborated with other institutional investors to “work with the companies in which]they invest to… deliver net zero]greenhouse gas ] emissions by 2050. Colluȿive agreements are unlawful under the Sherman Act and harm competition and consumers.

Ken McIntyre provided the content of this report.