State AGs warn anti–fossil fuel group may break antitrust rules
A coalition of 18 attorneys general called on the nonprofit group As You Sow to end activities that may violate antitrust and consumer protection laws.
As You Sow, a nonprofit shareholder advocacy organization founded in 1992, seeks to “create large-scale systemic change by establishing sustainable and equitable corporate practices.”
In a letter to As You Sow CEO Andrew Behar, the attorneys general said the nonprofit pressures companies to pursue net-zero emissions policies that are incompatible with the production of fossil fuels.
“As You Sow demands artificial transformations of entire markets and sectors, inevitably impacting the output and quality of the goods and services produced by those sectors,” the attorneys general wrote in the letter.
The attorneys general argued As You Sow seeks to implement policies that are aligned with its predetermined agenda, leaving it potentially in violation of antitrust laws. The coalition said the nonprofit attempts to discourage shareholders from investing in fossil fuel companies due to alleged unsustainability.
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