The House Judiciary Committee has subpoenaed asset managers Vanguard and Arjuna Capital as it investigates potential anticompetitive behavior in environmental, social, and governance investing.
The Vanguard Group Inc. and Arjuna Capital LLC appear to have colluded to reduce greenhouse gas emissions in possible violation of federal antitrust law, House Judiciary Committee Chairman Jim Jordan (R-Ohio) said in letters accompanying the subpoenas Monday.
Both firms support ESG investing, which has faced significant Republican scrutiny in Congress this year. Anti-ESG legislation has been approved by both the House Financial Services Committee and the Education and the Workforce Committee, but it has yet ...
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