Hearing: Climate Control: Decarbonization Collusion in Environmental, Social, and Governance (ESG) Investing

Subcommittee on the Administrative State, Regulatory Reform, and Antitrust (Committee on the Judiciary)

Wednesday, June 12, 2024 (10:30 AM)

2141 RHOB
Washington, D.C.

Witnesses

Ms. Mindy Lubber
Chief Executive Officer and President, Ceres

Added 06/12/2024 at 11:55 AM
  • Lubber Testimony [PDF] Added 06/12/2024 at 11:55 AM
  • Lubber Truth in Testimony [PDF] Added 06/12/2024 at 11:55 AM
  • Lubber Biography [PDF] Added 06/12/2024 at 11:55 AM

Ms. Natasha Lamb
Managing Partner and Chief Investment Officer, Arjuna Capital

Added 06/12/2024 at 11:55 AM
  • Lamb Testimony [PDF] Added 06/12/2024 at 11:55 AM
  • Lamb Truth in Testimony [PDF] Added 06/12/2024 at 11:55 AM
  • Lamb Biography [PDF] Added 06/12/2024 at 11:55 AM

Mr. Dan Bienvenue
Interim Chief Investment Officer, CalPERS

Added 06/12/2024 at 11:55 AM
  • Bienvenue Testimony [PDF] Added 06/12/2024 at 11:55 AM
  • Bienvenue Biography [PDF] Added 06/12/2024 at 11:55 AM
  • Bienvenue Truth in Testimony [PDF] Added 06/12/2024 at 11:55 AM

Mr. Keith Ellison
Minnesota Attorney General

Added 06/12/2024 at 11:55 AM
  • Ellison Testimony [PDF] Added 06/12/2024 at 11:55 AM
  • Ellison Truth in Testimony [PDF] Added 06/12/2024 at 11:55 AM
  • Ellison Biography [PDF] Added 06/12/2024 at 11:55 AM

Support Documents

  • A document titled “Emerging & Diverse Manager Data Report” dated March 2013, submitted for the Record by Mr. Gaetz of FL. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from CalPERS titled “CalPERS Reports Preliminary 5.8% Investment Return for 2022-23 Fiscal Year” dated July 19, 2023, submitted for the Record by Mr. Gaetz of FL. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Pensions&Investments titled “Florida Retirement System notches net 7.5% for fiscal year” dated September 6, 2023, submitted for the Record by Mr. Gaetz of FL. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from Principles for Responsible Investment (PRI) titled “Global Sector Strategies: Investor Actions to Align the Aviation Sector with the IEA’s 1.5 C Decarbonization Pathway” dated March 2022, submitted for the Record by Mr. Massie of KY. [PDF] Added 06/13/2024 at 02:34 PM
  • A shareholder agreement from Arjuna Capital dated January 2021, submitted for the Record by Mr. Massie of KY. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Energy Bad Boys titled “Hawaii Five Uh-Oh! Power Outages in Paradise” dated January 13, 2024, submitted for the Record by Ms. Hageman of WY. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from National Review Online titled “The Moral High Ground” dated September 7, 2011, submitted by Ms. Hageman of WY. [PDF] Added 06/13/2024 at 02:34 PM
  • An executive summary from ExxonMobil titled “2024 Advancing Climate Solutions” dated January 8, 2024, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Climate.gov titled “2023: A historic year of U.S. billion-dollar weather and climate disasters” dated January 8, 2024, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Satista.com titled “The Soaring Cost Of Climate Change”, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Independent.co titled “Cities ablaze and countries submerged: The worst climate disasters of 2022” dated January 10, 2023, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Calpers.gov titled “Why We’re Opposing Divestment in Senate Bill 252” dated March 30, 2023, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from NYU Center for Sustainable Business titled “ESG and Financial Performance” Uncovering the Relationship by Aggregating Evidence from 1,000 Plus Studies Published between 2015-2020” by Tensie Whelan, Ulrich Atz, and Casey Clark, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document titled “California Public Employees’ Retirement System Total Fund Investment Policy”, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from BlackRock titled “Energy investing: Setting the record straight”, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from Visionresearchreports.com titled “Oil and Gas Analytics Market Size to Reach US$ 50 Billion by 2030”, submitted by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A chart titled “Chart 1: 2024 Oil Market Deficit Should Keep Prices Elevated”, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from CalPERS titled “Trust Level Review: As of December 31, 2023”, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from Standard & Poor’s titled “Shareholder Rights & Corporate Disclosure: ‘Corporate Governance Conference’” dated March 2006, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • A document from Delta Air Lines titled “United States: Securities and Exchange Commission” dated December 31, 2023, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 02:34 PM
  • An article from the New York Times titled “How Climate Change Turned Lush Hawaii Into a Tinderbox, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from the New York Times titled “Not Sustainable”: High Insurance Costs Threaten Affordable Housing” dated June 7, 2024, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from NBC News titled “Drought and wind: How Maui’s wildfires turned into a tragedy” dated August 10, 2023, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from Kut.org titled “Energy officials warn of winter blackout risk in Texas and beyond”, submitted for the Record by Mr. Correa of CA. [PDF] Added 06/13/2024 at 03:32 PM
  • A letter to Attorney General Merrick Garland and Assistant Attorney General Jonathan Kanter from House Judiciary Democrats dated June 4, 2024, submitted for the Record by Mr. Nadler of NY. [PDF] Added 06/13/2024 at 03:32 PM
  • A document from McKinsey & Company titled “Diversity Matters Even More: The case for holistic impact” dated November 2023, submitted for the Record by Mr. Nadler of NY. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from the Wall Street Journal titled “Conservatives Have a New Rallying Cry: Down With ESG” dated February 26, 2023, submitted for the Record by Mr. Johnson of GA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from the Guardian titled “Far-right fossil fuels company allies pressure US supreme court to shield firms in unprecedented campaign” dated June 9, 2024, submitted for the Record by Mr. Johnson of GA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from Documented.net titled “State Attorneys General Join Anti-ESG Effort, Amid…”, submitted for the Record by Mr. Johnson of GA. [PDF] Added 06/13/2024 at 03:32 PM
  • An article from Documented.net titled “Dark Money Group Weaponizes State Treasurers in Attacks…”, submitted for the Record by Mr. Johnson of GA. [PDF] Added 06/13/2024 at 03:32 PM
  • A document from Climate Action 100+ titled “Climate Action 100+ Signatory Handbook” dated June 2023, submitted for the Record by Ms. Scanlon of PA. [PDF] Added 06/17/2024 at 01:11 PM
  • House Judiciary Democratic Staff Report titled “Unsustainable and Unoriginal: How the Republicans Borrowed a Bogus Antitrust Theory to Protect Big Oil” dated June 11, 2024, submitted for the Record by Ms. Balint of VT. [PDF] Added 06/17/2024 at 01:11 PM
  • An article from AP News titled “Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump” dated May 21, 2024, submitted for the Record by Mr. Correa of CA. [PDF] Added 07/10/2024 at 09:26 AM

First Published: June 5, 2024 at 09:17 AM
Last Updated: July 10, 2024 at 09:26 AM