Reported 11 months ago
A recent report by a U.S. Congressional committee accuses major Wall Street firms of colluding with advocacy groups to pressure companies into reducing their greenhouse gas emissions. The report, the first of its kind from the Republican-led Judiciary Committee, follows an investigation into whether corporate climate change efforts breach antitrust laws. The report criticizes President Joe Biden's administration for failing to investigate the alleged collusion, and focuses on Climate Action 100+ for pressuring asset managers to support climate-related initiatives. The report also targets climate-focused investor groups and major asset managers for their involvement in the 'climate cartel.' No antitrust lawsuits have been filed against any climate coalitions as of now.
Source: YAHOO