Louisiana Attorney General Jeff Landry launched an investigation Tuesday into a leading pro-ESG, investor-led coalition that seeks to combat climate change by getting corporations to slash their emissions and carbon footprints.
, the nation’s largest public pension fund that had more than $440 billion in assets under management as of last year, does not have business in Louisiana and is not under Mr. Landry’s jurisdiction. But he is seeking to determine whether the fund’s influence in Climate Action 100+ may violate Louisiana consumer protection laws and negatively impact the state’s energy-rich economy.
“When companies agree to work together to punish disfavored views or industries, or to otherwise advance environmental, social, and governance goals, this coordinated behavior may violate the antitrust laws and harm American consumers,” Mr. Jordan, Ohio Republican, and other GOP lawmakers wrote at the time to Climate Action 100+.
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