Posted 12/15/2023, 7:06:11 PM
House Panel Subpoenas BlackRock, State Street Over ESG Investigation
- Chairman Jim Jordan subpoenaed BlackRock and State Street for documents related to the Committee’s ESG investigation.
- The Committee wrote to BlackRock and State Street on July 6th requesting information on how they advance ESG policies.
- BlackRock and State Street produced some documents, but their overall responses have been inadequate.
- The subpoenas seek additional documents and communications related to BlackRock and State Street's ESG promotion and adoption.
- The investigation examines whether current antitrust laws can address collusive agreements around ESG goals.