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Since 2022, Republican lawmakers in Congress and General Attorney have sent messages to specialization Banksfor Retirement boxesfor Asset managersfor Accounting companiesfor Companiesfor Non -profit organizationsAnd Business alliancesAnd put them in the event of notice of combating potential monopoly violations and searching for information as part of the Republicans’ reaction against “environmental, social and governance”, such as the obligations of companies climate.
“This caused many disturbances and tension throughout the entire ecosystems,” said Dennis Herne, an older colleague at the Colombia Center for Sustainable Investment. “But everyone wondered,” Well, when will they already drop a lawsuit? “
Which – which It came in NovemberThe Prosecutor of Texas Kane Buckston and 10 of the other Republicans, accused three of the largest asset managers in Wall Street – Liquids, Vanjard and State Street – runs “Investment Cart” to delete coal production and enhance their revenues while paying energy costs to Americans. The Trump Administration of Justice and Trade Committee provided support Brief in May.
A comprehensive pressure campaign aimed at what is known as “ESG” is an effect.
“During the past few months, through this [lawsuit] And other things, letters from elected officials, state and federal, there have been a chilling Effect of What Investors Are Saying, “Said Steven Maze Rothstein, Chief Program Officeer of Ceres, a nonprofit that advocates for more sustainable Business Practices and Was A among the earliest letter recipies. Elected Goovernor, Attorney General, President. ”
Earlier this month, the American provincial court judge in Tyler, Texas, She refused to reject her The lawsuit against the three assets managers, although he rejected three of the 21 charges. The judge did not make a final decision in the case, only there was sufficient evidence for trial.