House Report Accuses Wall Street of Collusion to Enforce Emission Reductions

Republican-led investigation alleges financial firms and advocacy groups pressured companies to adopt climate goals, raising antitrust concerns.

The House Judiciary Committee's report is the first since launching an investigation in 2022 into corporate climate initiatives.
The report targets Climate Action 100+, a coalition of over 700 investors, for allegedly coercing asset managers to join their emission reduction efforts.
Republican lawmakers accuse the Biden administration of failing to investigate potential antitrust violations by the so-called 'climate cartel.'
Several major asset managers, including BlackRock and Vanguard, have exited Climate Action 100+ amid fears of antitrust repercussions.
The committee's findings may influence future legislative reforms, especially if political power shifts in upcoming elections.