3301 C Street
Anchorage, AK 99503
In response to increasing pressure from regulators, institutional investors, and other stakeholders, more and more corporations are embracing progressive "Environmental, Social, Governance" ("ESG") policies and adopting left-wing political positions on energy development, gun control, and other social issues.
There is a growing concern about the legality and economic and societal impact of these activities, and we have witnessed pushback in the form of judicial challenges to regulatory rulemaking, new state laws against divestiture and defunding of energy production and gun sales, and state antitrust investigations of institutional investor groups seeking environmental and social change at public companies.
Alaska’s Attorney General Treg Taylor has been a key player in this fight. Most recently, he joined twenty-four State Attorneys General to challenge a new U.S. Department of Labor rule that unlawfully promotes ESG investing over the financial best interests of retirement funds that contain the savings of some two-thirds of the U.S. population or 152 million workers. He has also pushed back on the U.S. Securities and Exchange Commission’s proposed ESG rule for arbitrary and capricious reporting requirements that only make investing more expensive.
We are privileged to have Attorney General Taylor discuss his work to curb ESG programs that sacrifice the rule of law, fiduciary responsibilities, and American economic interests.
Non Members: $20
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.