Exec Says Bank Loan Hinged On Tweeting ESG Propaganda

  • Bud Brigham, executive chairman of Brigham Minerals, testified Thursday before the Texas Senate Committee on State Affairs that Credit Suisse allegedly threatened to deny him a loan unless he tweeted out specific political messages.
  • The hearing dealt with environmental, social and governance (ESG) investing, an approach to investing that scores companies based on their commitment to certain environmental and social causes.
  • Brigham said Credit Suisse, with whom he was a longtime customer, instructed him put out overtly political statements on ESG.