Twenty-three state Republican attorneys general sent a letter to Fitch, S&P, and Moody’s for downgrading fossil fuel companies over what they believe are flawed environmental, social, and governance (ESG) metrics.
The Republican attorneys general sent their letter as the three ratings agencies downgraded fossil fuel companies based on what they believe are “highly speculative ESG predictions and goals.”
They wrote:
The Downgrades materially contravened the Ratings Agencies’ stated methodologies and are consistent with undisclosed material conflicts of interest , including the fact that (1) all three agencies have pledged to a United…
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