MarQ
” Wall Street accused of colluding with advocacy groups to curb emissions — Reuters “
” A US congressional committee accused some of the biggest Wall Street firms on Tuesday of colluding with advocacy groups to shrink their greenhouse gas emissions, according to a report seen by Reuters. The alleged deal would be a violation of US anti-trust laws.
The report says environmental advocates Climate Action 100+ ‘bullies asset managers to join’ and presses them to use their shareholder votes in support of climate proposals, seeking to reduce fossil fuel extraction and raising energy prices for US consumers — which among other things cuts jobs in the fossil fuel industry. “
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