Paxton's case could derail the consensus around investors' vital role in achieving a net-zero emissions future, shaking the foundation of climate finance.
The lawsuit alleges illegal collusion among major investment firms without substantive evidence, risking the progress made towards sustainable investing and climate action.
BlackRock's CEO acknowledges that climate risk translates to investment risk, highlighting the tension between climate awareness and political opposition to such perspectives.
The Fifth Circuit, known for its idiosyncratic rulings, may side with Paxton, altering the legal landscape for investment firms under political pressure.
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