Exec Says Bank Loan Hinged On Tweeting ESG Propaganda
View Source | December 15, 2022 5:40 pm
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- 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.
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