Wyoming Secures ESG Settlement With 13 Other States

Wyoming was among 13 states that secured a victory in the fight against Environmental, Social, and Governance (ESG).

Over a dozen state attorneys general secured the settlement with asset manager Vanguard.

Chief executive officer of American Energy Institute Jason Isaac told The Center Square that the settlement “is a huge win in the fight to stop the ESG and net-zero schemes being pushed by Wall Street elites and the climate cartel.”

“These ESG and net-zero policies were never about protecting the environment; they’re about controlling markets and choking off affordable energy that Americans depend on,” Isaac said.

Vanguard will “pay $30 million in fines, turn over all documents related to their coordinated ESG.

Hild told The Center Square that “the reckoning is here.” The settlement “is a massive blow to the ESG asset manager cartel that sets the stage that more is to come,” Hild said.

“The weaponization of finance to achieve ideological outcomes must end, and it’s encouraging to see states standing up for energy freedom and economic growth,” Isaac said. “The era of ESG coercion is ending, and free-market principles are winning again.”

The settlement had 13 state attorneys general file against asset managers BlackRock, State Street, and Vanguard in an effort to lower electricity prices.

Attorneys general from Texas, Iowa, Alabama, Arkansas, Indiana, Kansas, Louisiana, Missouri, Montana, Nebraska, Oklahoma, West Virginia, and Wyoming intended to combat “a BlackRock-led cartel that drove up the price of electricity under the guise of ‘green energy’ investing,” with the lawsuit, the release said.

Iowa Attorney General Brenna Bird told The Center Square, “Iowans should not have to pay higher prices for energy because of a woke Wall Street agenda.”