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Karl Racine, now a partner at Hogan Lovells, warns of chilling effect from antitrust investigations despite 'far overstated' nature.
'Overly specific proposals' also cited as reason for sharp decline in support for E and S resolutions at US AGMs.
US flag with cracks through it
Republicans rally support as resolution overturning recent ruling on the use of sustainability by retirement plan fiduciaries heads to Senate vote.
The latest developments in sustainable finance: India Congress leader calls for Adani investigation; Florida governor looks to ban ESG investing.
Research modelled cost implications for bonds issued by the six states if they enacted similar legislation to Texas, which resulted in the boycotting of major financiers.
Academics say it could have implications for proxy voting process at institutional managers.
Move comes as a further group of the world’s largest asset managers have denied that they boycott fossil fuels, in response to Texas bill.

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