The broad scope of his opinion seems "designed to curb any assessment of climate impact or climate risk," said Danielle Fugere, president and chief counsel of As You Sow. "[The opinion determines] just because American Airlines has adopted climate change principles and BlackRock has too, therefore one can conclude they are colluding in some way or they have conflicts of interest. That's such an enormous leap. It makes no sense in today's market where climate change is a risk, investors and companies have to address those risks, and if they don't, they will be impacted financially and negatively." Read More →
Read More“This is a new chapter in a broader deregulatory story that’s a century old,” said Luke Morgan, an attorney with As You Sow, a shareholder advocacy nonprofit. “The reason that this has moved to focus on litigation is because the political movement failed. There was no popular support for this whatsoever.” Read More →
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