Trump Admin Throws Weight Behind Lawsuit Alleging Wall Street Embraced ESG To Shut Down Coal

Brief represents the first time the Trump administration has weighed in on green investing issues.. The Federal Trade Commission is throwing its weight behind a high-profile federal lawsuit led by 12 Republican-led states accusing three of the world's largest asset managers—BlackRock, State Street, and Vanguard—of artificially constricting the coal market in violation of U.S. antitrust laws, the Washington Free Beacon has learned. The filing in the case is a remarkable move that represents the first time the Trump administration has waded directly into an issue or case related to environmental, social, and governance (ESG) policies. Led by powerful asset managers...