Bankrolled by mysterious donors, a little-known group named Consumers’ Research has emerged as a key player in the conservative crusade to prevent Wall Street from factoring climate change into its investment decisions.
These activists hope that House leaders will haul corporate executives before Congress to defend their ESG practices. The hearings will examine how many financial asset managers have used their large shareholdings to pressure other companies to curtail greenhouse gas emissions, improve sustainability or bolster corporate governance.
A graduate of Georgetown University Law School, Hild spent a decade among Washington’s conservative and libertarian organizations, including the Federalist Society, where he worked on initiatives to limit the federal government’s ability to set new regulations., the Federalist Society’s co-chairman who helped persuade President Donald Trump to embrace three conservative Supreme Court nominees, has been one of Hild’s mentors. Hild called Leo “a good friend and adviser to Consumers’ Research.
To recognize state politicians, Consumers’ Research hosts regular events and prizes. A year ago, it gave the “Consumers’ Champion Award” to West Virginia Treasurer Riley Moore for defending his state “against the progressive ESG agenda.” Mark Brnovich, then Arizona’s attorney general, also won a Consumers’ Champion Award.
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