Overview

• 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.