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AGs Call on 'Climate Cartel' to Uphold Consumer Protections
Six state attorneys general accuse Ceres of anticompetitive conduct by pushing net-zero investments, reducing oil demand and investment, and violating consumer protection laws.
- Six state attorneys general, led by Florida Attorney General James Uthmeier, sent a letter to Ceres CEO Mindy Lubber calling on the nonprofit to halt conduct they allege violates antitrust and consumer-protection laws.
- According to the attorneys general, Ceres' actions aimed to reshape markets by advancing net-zero goals, decreasing oil demand, discouraging investment, and causing anticompetitive effects under the Sherman Antitrust Act.
- The attorneys general say Ceres' investor portal for Climate Action 100+ was used to coordinate pressure through stakeholder engagement, shareholder resolutions, and investor campaigns, and Ceres did not immediately respond to requests for comment.
- The AGs framed the matter as potential antitrust and consumer-protection violations, invoking principles tied to the Sherman Antitrust Act and asking Ceres, Inc. to stop efforts to 'transform industries'; Ceres did not immediately respond to requests for comment.
- Critics including state officials and industry groups warned that Ceres' tactics amount to collusive pressure campaigns, while Florida Attorney General James Uthmeier called Ceres a ringleader of a 'climate cartel'; Ceres counters that it helps companies acknowledge environmental impacts and act responsibly.
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GOP Officials Warn Climate Activist Group To Stop Pressuring American Companies
A coalition of Republican attorneys general, led by the state of Florida, said Wednesday that a major climate group may be violating their states’ antitrust and consumer protection laws by artificially pressuring companies to adopt climate activist policies, according to a letter obtained by The Daily Wire. Florida Attorney General James Uthmeier warned the Boston-based nonprofit organization Ceres that it may be illegally pressuring companies t…
·Nashville, United States
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Coverage Details
Total News Sources41
Leaning Left2Leaning Right9Center10Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
C 48%
R 43%
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