Texas suit alleging anti-coal “cartel” of top Wall Street firms could reshape ESG
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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?'"