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Since 2022, the Republican legislators have sent letters to large banks, pension funds, asset managers, accounting companies, non -profit organizations and business alliances in the congress and attorneys -general letters, pension fund managers, as a result of which they are seeking cancellations for potential anti -rusts and information as part of the component of the Republican as part of the component of ” Board efforts such as Corporate climate climate.
“This clearly caused a lot of unrest and stress throughout the ecosystem,” said Denise Hearn, a senior fellow at the Columbia Center for sustainable investments. “But everyone wondered:” Okay, when will they actually drop a lawsuit? “
This came in November, submitted by the attorney -general Ken Paxton in Texas, Ken Paxton and 10 other Republican AGs, who accused three of the largest asset managers on Wall Street – BlackRock, Vanguard and State Street – of the running of “an investment cartel” while they are the Energies of Coams “for the Output of Coams” for the Output of Coams ” rise. The Ministry of Justice and the Federal Trade Commission of the Trump Government was in favor of assignment in May.
The overall printing campaign aimed at what is known as “ESG” has an impact.
“In recent months because of this [lawsuit] And other things, letters from chosen officials, state and federal, there has been a horrifying effect of what investors say, “said Steven Maze Rothstein, Chief Program employee of Ceres, a non -profit organization that argues for sustainable business practices and was one of the earliest letter recipients.
Earlier this month, an American court in Tyler, Texas, refused to reject the lawsuit against the three asset managers, although he rejected three of the 21 counts. The judge did not make a final decision in the case, only that there was sufficient evidence to come to court.
