A group of 13 Republican attorneys general filed a motion on Monday urging the Federal Energy Regulatory Commission to prevent Vanguard, a large investment management company with a history of "environmental activism," from purchasing significant shares in publicly traded electricity providers, Fox News Digital reported.
State officials expressed concern that Vanguard, a strong supporter of environmental, social, and governance investing, could use its control over the utility companies to pressure decisions, such as investments in green energy over fossil fuels, that could ultimately drive up electricity costs for consumers.
The Republican AGs argued that since Vanguard has expressed commitment to net-zero emissions, it is no longer a "passive" investor but instead attempting to push an agenda and exercise control over energy providers.
Americans should prepare for blackouts and higher energy prices.
