Officials from 17 states are challenging S&P Global Ratings, Moody’s and Fitch over climate-related ESG risk assessments they argue could damage state credit ratings and divert funding from roads, schools and pensions. #foxbusiness #bigmoneyshow
0:00 States challenge credit rating agencies over ESG policies
0:27 Officials warn ESG metrics could hurt state finances
0:56 Rating agencies accused of penalizing oil and gas
1:46 States press SEC to scrutinize credit rating practices
2:29 Debate grows over ESG’s impact on borrowing costs
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