The Real Reason That Vanguard Settled
When Vanguard Group announced that it would settle its portion of a lawsuit brought by 13 state attorneys general, opponents of “Environmental, Social, and Governance” (ESG) declared victory. And they weren’t wrong. The suit, led by Texas AG Ken Paxton, accused Vanguard, BlackRock, and State Street of conspiring to push green-energy initiatives through their coal-company holdings,…
Stephen Soukup