Utah is fighting back against the extreme-Left ESG scheme!
Utah Attorney General Sean Reyes filed a lawsuit against the National Association of Attorneys General requesting an accounting of its taxpayer funds amid reports that NAAG uses those funds to invest in companies that promote left-wing environmental, social, and governance goals.that NAAG uses public funds to invest in ESG.
But it appears that NAAG does not comply with the Act. NAAG operates Utah’s funds at a surplus and invests uncommitted assets in securities, real estate, and other financial products. In other words, NAAG invests Utah’s public money in financial products other than those specified by the Act. NAAG also deals with non-state-approved institutions and does not report to the state treasurer.
To address the inconsistency between NAAG’s actions and what the Act requires, Utah brings this case to declare NAAG and its Chief Financial Officer to be public treasurers or custodians of public funds under the Act. Utah also seeks an accounting to determine what share of NAAG’s assets qualify as Utah public funds.
The complaint also cites a recent letter from Kansas Attorney General Kris Kobach that expressed “serious concern” about whether NAAG holds or invests public money “‘in ESG-oriented funds.”Some goals of ESG include forcing economic and social change by cutting American fossil fuel production in order to promote the climate change agenda and forcing racial quotas on the boards of companies.
These priorities have seen attorneys general disassociate from the organization. But with the revelation of tangible public-fund investment into left-wing social priorities, some state leaders are looking at the prospect of suing for the return of their taxpayers’ dollars.
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