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

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

Curated from Science – Ars Technica — Here’s what matters right now:

This article originally appeared on Inside Climate News , a nonprofit, non-partisan news organization that covers climate, energy, and the environment. Sign up for their newsletter here . 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?’” Read full article Comments

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Original reporting: Science – Ars Technica

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