BlackRock, State Street Subpoenaed in House’s ESG Probe (2)

House Judiciary Chairman Jim Jordan has subpoenaed BlackRock Inc. and State Street Corp. for documents related to the committee’s inquiry into whether their efforts to combat climate change violate US antitrust law, according to a person familiar with the matter.

The panel is looking into allegations from critics of these investment firms that they colluded in committing to make the investments. The probe underscores the deteriorating relationship between the Republican Party and Wall Street.

The documents are due to the committee by Jan. 12, according to the subpoenas. Subpoenas for Glass Lewis and Institutional Shareholder Services Inc. are being finalized ...