U.S. Republican lawmakers issued a warning to corporate law firms this week, opening a new front in a campaign against companies forming a new consensus on major issues such as climate change.
dated Thursday to 51 large U.S. and global law firms, U.S. Senate Republicans Tom Cotton, Mike Lee, Chuck Grassley, Marsha Blackburn and Marco Rubio said they plan to use their congressional oversight powers "to scrutinize the institutionalized antitrust violations being committed in the name of ESG," referring to environmental, social and governance issues.
"To the extent that your firm continues to advise clients regarding participation in ESG initiatives, both you and those clients should take care to preserve relevant documents in anticipation of those investigations," the letters said. Representatives for several of the firms--including Kirkland & Ellis; Latham & Watkins; Morgan, Lewis & Bockius; Paul Hastings; Paul, Weiss, Rifkind, Wharton & Garrison; Skadden, Arps, Slate, Meagher & Flom; and Winston & Strawn--did not immediately respond to requests for comment.
There has been no major climate-related litigation on antitrust grounds so far, but some regulators and officials, such as Mark Brnovich, the attorney general of Arizona, have said they are exploring it.
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