BlackRock, State Street subpoenaed in House’s ESG investigation - MarketWatch
1. House Judiciary Committee subpoenas BlackRock over ESG and antitrust inquiries. 2. Committee claims BlackRock's document response has been inadequate since July 2023. 3. Investigation targets potential collusion impacting fossil-fuel company funding. 4. BlackRock asserts cooperation and transparency with the committee. 5. Concerns over violation of competition laws related to net-zero emissions initiative.