The Epoch Times
The Epoch Times
AD
The Epoch Times
Support Us
US Politics

GOP Attorneys General Seeking to Prevent Vanguard From Purchasing Utilities Over Climate Agenda

GOP Attorneys General Seeking to Prevent Vanguard From Purchasing Utilities Over Climate Agenda
A coal truck drives by Pacificorp's 1000 megawatt coal fired power plant on October 9, 2017 outside Huntington, Utah. George Frey/Getty Images
Naveen Athrappully
Naveen Athrappully
12/1/2022|Updated: 12/1/2022
0:00

A coalition of 13 Republican attorneys general filed a “motion to intervene” on Monday, asking a federal energy regulator to block The Vanguard Group from buying shares of publicly listed utility firms due to its decarbonization goals.

In February, Pennsylvania-based Vanguard asked the Federal Energy Regulatory Commission (FERC) to extend the blanket authorization granted in 2019 to buy large quantities of shares in utility firms. Section 203 of the Federal Power Act (FPA) does not allow the firm to own over $10 million worth of public utility shares until it gains authorization from FERC.

Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
Author’s Selected Articles

More Than 24,000 Pounds of Sausage Items Recalled Nationwide Due to Plastic Contamination

Jul 18, 2025
More Than 24,000 Pounds of Sausage Items Recalled Nationwide Due to Plastic Contamination

New Car Prices Edge Higher, but Tariff Impact Remains Limited

Jul 18, 2025
New Car Prices Edge Higher, but Tariff Impact Remains Limited

Home Builder Confidence Improves Following Passage of Trump’s Megabill

Jul 18, 2025
Home Builder Confidence Improves Following Passage of Trump’s Megabill

Trump Issues Regulatory Relief for Coal, Chemical Manufacturing, Steel Industry

Jul 18, 2025
Trump Issues Regulatory Relief for Coal, Chemical Manufacturing, Steel Industry
Related Topics
Vanguard
ESG Standards
climate change agenda
PacifiCorp
investing in utility companies
Save
The Epoch Times
To ensure we reach the high standards of reliability and neutrality that you expect from us, we are engaging with Ad Fontes Media to analyze our content. If you find an article you think falls short of the standard, please submit the link through this form.
Copyright © 2000 - 2025 The Epoch Times Association Inc. All Rights Reserved.