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Anti-ESG movement ramps up as US states sue BlackRock

Richard Newell
Major asset managers BlackRock, State Street, and Vanguard face a Texas-led lawsuit alleging they illegally colluded through climate initiatives to pressure coal companies into reducing output, sparking further debate in the ongoing ESG controversy.
Anti-ESG movement ramps up as US states sue BlackRock

The world's largest asset management firms are being accused of "illegal weaponisation" of their investments in fossil fuel companies, as the backlash against environmental, social and governance (ESG) intensifies. 

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