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Since 2022, Republican lawmakers in Congress and state attorneys general have sent letters to major banks, pension funds, asset managers, accounting firms, companies, nonprofits, and business alliances, putting them on notice for potential antitrust violations and seeking information as part of the Republican pushback against “environmental, social and governance” efforts such as corporate climate commitments.

“This caused a lot of turmoil and stress obviously across the whole ecosystem,” said Denise Hearn, a senior fellow at the Columbia Center on Sustainable Investment. “But everyone wondered, ‘OK, when are they actually going to drop a lawsuit?’”

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Origianl Creator:
Deep Vakil, Inside Climate News

Original Link: https://arstechnica.com/science/2025/08/texas-suit-alleging-anti-coal-cartel-of-top-wall-street-firms-could-reshape-esg/
Originally Posted: Sat, 30 Aug 2025 11:00:52 +0000