Kansas, Texas, 11 other states secure ESG victory against Vanguard Group

Kansas, Texas, 11 other states secure ESG victory against Vanguard Group

The Vanguard Group — a “major asset manager” has agreed to a settlement in the multi-state lawsuit against it and similar funds BlackRock and State Street over ESG practices. Vanguard, along with BlackRock and State Street are heavily involved in “Environmental, Social, and Governance” investing which the lawsuit contended was being used — in particular by BlackRock — to artificially suppress coal production under the banner of “green energy.” A…