LINCOLN- This week, Nebraska Attorney General Doug Peterson released a 37-page report outlining the dangers of ESG investing, calling it "a threat to our democratic form of government." ESG, the report claims, uses the sustainable development goals of the United Nations to "impose hand-picked, politically preferred metrics on American businesses."

Two University of Nebraska law professors reviewed the report, saying that it appeared to be "political theater." James Tierney, one of these professors, said that the report is "very light on law and it's very heavy on...international conspiracy." Peterson compiled the report because he felt there was inadequate information about ESG and its origins, and wanted to know who is setting the criteria for ESG.

BlackRock, a company invested in ESG, was attacked earlier this year by Republicans for its support of climate change and racial diversity policies. A group of Attorneys General from several states have condemned ESG for advancing a "woke left" and "left-wing agenda" instead of focusing on investor returns. Peterson claimed that anyone investing in companies like BlackRock is inadvertently supporting ESG.

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