Louisiana is opening a multipronged investigation into an influential organization that coordinates strategies for the financial sector to tackle climate change.
The probe – which is being spearheaded by Republican Louisiana Attorney General Jeff Landry – will focus in on Climate Action 100+ and two of its U.S.-based global steering committee members, Franklin Templeton and the California Public Employees’ Retirement System (CalPERS), according to a civil investigative demand filing first obtained by Fox News Digital on Tuesday.
“When you’re in charge of retirement plans or when you have a fiduciary duty to return profits based upon investment to consumers in Louisiana, you’re supposed to be using sound economic principles, not, you know, faulty science,” Landry told Fox News Digital in an interview. “This is part and parcel of what we’ve been doing in this space.”
Landry’s investigation will focus, in particular, on whether Climate Action 100+, Franklin Templeton and CalPERS violated Louisiana consumer protection laws through unfair or deceptive practices. Read more…