In a letter dated April 22, 2026 to the rating agencies, 23 attorneys general allege the agencies promote a radical climate agenda. “Today’s letter is our latest effort to push back against those who are unelected but want to force their unpopular policies on the public,” said Attorney General Hilgers of the State of Nebraska. “Credit worthiness should be based on market forces and sound accounting, not the political projects and unfeasible ideas of a few powerful people that are not accountable to voters.”
In their letter, the Attorneys General wrote that the ratings agencies have used “flawed methodologies to downgrade, or to threaten to downgrade, states and municipalities with fossil-fuel production revenues,” and “yet [the agencies] largely have not reversed the [d]owngrades after highly speculative ESG predictions proved to be wrong.” Read more…
