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NEW REPORT: House Financial Services Committee Republicans Are In The Pocket of Big Oil & Other Industries Excluded In ESG Investments

Jul 12, 2023

PRESS RELEASE         Contact:
For Immediate Release
Date: July 12, 2023

Washington, D.C. – Today, Congressional Integrity Project released a new report detailing the deep financial ties between Republicans on the House Financial Services Committee and big oil and other industries who stand to lose the most from environmental, social, and governance investing. They have taken over $9.6 million in campaign contributions from four industries commonly included in ESG screens, namely the oil & gas, coal, tobacco, and civilian firearm industries. Congressional Integrity Project executive director Kyle Herrig said the following:

“MAGA Republicans have made July their ‘anti-ESG’ month, and when you look at the numbers, it’s easy to see why. Republicans on the House Financial Services Committee alone have taken nearly $10 million from special interests that stand to lose if companies continue to prioritize responsible lending.  MAGA Republicans are working overtime for these special interests to try to undermine corporate efforts to make forward-looking decisions about clean energy, climate change, and gun violence. It’s shameful, but MAGA Republicans will do anything to keep their wealthy donors happy, no matter how much it hurts the American taxpayer or the future of this country.”

Read the full report here