BlackRock, Other Investment Firms Next Target in House ESG Probe
- Chairman Jim Jordan has already subpoenaed Vanguard, Arjuna
- Inquiry underscores rift between Wall Street, Republican Party
Jim Jordan
Photographer: Valerie Plesch/BloombergThis article is for subscribers only.
House Judiciary Chairman Jim Jordan is close to finalizing subpoenas for BlackRock Inc., Glass Lewis, State Street, and Institutional Shareholder Services 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.