Guest Post by Martin Armstrong
The House Judiciary Committee has issued subpoenas to BlackRock and State Street as part of an investigation into the firms’ promotion of environmental, social, and governance (ESG) goals. The committee’s probe is focused on whether these efforts violate antitrust laws. The companies were initially asked to provide documents on the subject, but the committee deemed their compliance “inadequate,” leading to the issuance of subpoenas. This investigation is part of a broader House GOP effort to scrutinize investing practices related to ESG goals.
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