Goldman Sachs Fund Division Leaves Climate Action 100+

Goldman Sachs' fund division is to leave investor engagement group Climate Action 100+, joining other financial services companies which have pulled out amid a political backlash in the United States. U.S. members of global climate-focused coalitions have come under pressure as some Republican lawmakers have criticized them for potentially breaching antitrust rules by pushing companies to cut climate-damaging emissions. At the end of July, the Republican leader of a U.S. congressional committee wrote to demand more than 130 investors explain their environmental, social and governance (ESG) goals. A Goldman Sachs...