April 21, 2022, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement praising Gov. Spencer Cox (R-Utah) and the Utah Congressional delegation for demanding that S&P withdraw Environmental, Social and Governance (ESG) consideration in issuing state bond ratings:
“We praise Utah Governor Spencer Cox and the Utah Congressional delegation for standing up against the political weaponization of state and municipal bond ratings from S&P and other credit rating agencies. A political calculation of a state’s bond rating based on arbitrary Environmental, Social and Governance (ESG) factors has nothing to do with a state’s ability to service its debt. Every governor across the nation should join Governor Cox in demanding that S&P Global end the political weaponization of the bond rating process. Additionally, every state and municipality should withdraw any public employee pension investments or other state investments that are primarily rated based upon their ESG ratings.”
For media availability contact Americans for Limited Government at media@limitgov.org.
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