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US SEC will not pursue charges against climate group, warns of disclosure obligations
The regulator said large investors should review disclosure and proxy-season obligations after probing coordinated pressure around ExxonMobil’s 2021 shareholder meeting.
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9 Articles
SEC Drops Investigation into BlackRock, State Street, with a Warning Over Participation in Climate Groups
The U.S. Securities and Exchange Commission announced on Wednesday that it has decided not to pursue enforcement action into asset managers including BlackRock and State Street, following an investigation into the potential regulatory violations through their participation with climate-focused engagement group Climate Action 100+ (CA100+) in voting to replace directors at ExxonMobil in 2021. While […]
In the ExxonMobil case, however, the US authorities cautioned that they remained concerned about investor collaboration with the Climate Action 100+ coalition.
The SEC report follows a broader change in the way the agency deals with shareholder voting
·Bogota, Colombia
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Total News Sources9
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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