Statement on State AG warning to Net Zero Insurance Alliance

May 16, 2023

The state attorneys general are exposing the iron fist inside the green glove of the ESG cartel.

Non-governmental organizations like Net Zero Insurance Alliance (NZIA) and Net Zero Asset Owner Alliance (NZAOA) issue “comply-or-explain” requests to business that are anything but purely voluntary. These unaccountable, unelected NGOs compel insurance companies – controlling a market worth more than $11 trillion – to execute policies that will reshape the entire economy, raise prices for consumers and throw many Americans out of good-paying energy jobs.

The size, scope, and power of these cartels make OPEC, the world’s most famous cartel, look like a lemonade stand by comparison. Such collusion and coercion in the restraint of trade is a clear violation of the Sherman Antitrust Act and the Consumer Welfare Standard.

Fox News: GOP warns insurance companies on ESG policies: ‘Americans are paying the price’

Over two dozen Republican attorneys general warned insurance companies Tuesday that pushing customers “to rapidly reduce their emissions” and other efforts to “advance an activist climate agenda” could be a violation of antitrust law.

Attorneys general Sean Reyes of Utah and Jeff Landry of Louisiana, along with 23 other Republican AGs, sent that warning in a letter to more than a dozen insurance companies on Tuesday that called out their effort to push environmental, social, governance (ESG) priorities.

Read more at Fox News.