Chris Talgo at The Heartland Institute asserts that environmental, social, and governance (ESG) metrics have become the bully boy project of the the big Wall Street investment firms and Fortune 500 companies, using trillions of dollars in assets under their control, that are just pension funds and retirement accounts for everyday Americans. Under the law, they have no right to use their fiduciary relationship with investors and savers to push a political agenda — so what gives?
As Mr. Talgo asserts, there is a good legal argument that ESG violates antitrust laws, an argument gaining momentum at the state and […]
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