Republicans’ War on ESG Has Reached New Heights of Stupidity ...Middle East

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Eleven Republican state attorneys general, led by Texas Attorney General Ken Paxton, are suing three of the world’s biggest asset managers. Blackrock, State Street, and Vanguard, Paxton’s office claims, are engaged in a “conspiracy” to “artificially constrict the market for coal through anticompetitive trade practices.” The Republicans’ case seems to hinge on the fact that these three financial firms were at one point members of Climate Action 100+ and Net-Zero Asset Managers, “investor-led” initiatives meant to align corporations behind a somewhat vague set of commitments to reducing greenhouse gas emissions. The push is part of a yearslong effort by the GOP to target environmental, social,

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Republicans’ War on ESG Has Reached New Heights of Stupidity ...Middle East

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