43:I[58016,["/_next/static/chunks/b5ea50e123aa84a6.js","/_next/static/chunks/5e17b2e37c80a96c.js","/_next/static/chunks/de880ec5a0241b38.js","/_next/static/chunks/48003610e91209eb.js","/_next/static/chunks/15a1b1fbd3cf7d4a.js","/_next/static/chunks/81ce7bf5f20dbd5a.js","/_next/static/chunks/53f751967ccc7d59.js","/_next/static/chunks/903c358828afe0bc.js","/_next/static/chunks/00da439d4db502cc.js","/_next/static/chunks/88bed98e5cd5e639.js"],"ProcessEpisodeButton"] 48:I[45269,["/_next/static/chunks/b5ea50e123aa84a6.js","/_next/static/chunks/5e17b2e37c80a96c.js","/_next/static/chunks/de880ec5a0241b38.js","/_next/static/chunks/48003610e91209eb.js","/_next/static/chunks/15a1b1fbd3cf7d4a.js","/_next/static/chunks/81ce7bf5f20dbd5a.js","/_next/static/chunks/53f751967ccc7d59.js","/_next/static/chunks/903c358828afe0bc.js","/_next/static/chunks/00da439d4db502cc.js","/_next/static/chunks/88bed98e5cd5e639.js"],"SignupCTA"] 4a:I[56939,["/_next/static/chunks/b5ea50e123aa84a6.js","/_next/static/chunks/5e17b2e37c80a96c.js","/_next/static/chunks/de880ec5a0241b38.js","/_next/static/chunks/48003610e91209eb.js","/_next/static/chunks/15a1b1fbd3cf7d4a.js","/_next/static/chunks/81ce7bf5f20dbd5a.js","/_next/static/chunks/53f751967ccc7d59.js","/_next/static/chunks/903c358828afe0bc.js","/_next/static/chunks/00da439d4db502cc.js","/_next/static/chunks/88bed98e5cd5e639.js"],"EpisodeTranscript"] 3d:["$","div",null,{"className":"flex flex-col gap-2 text-sm text-muted-foreground","children":[["$","span",null,{"className":"inline-flex items-center gap-2 bg-secondary/50 px-3 py-1 rounded-full","children":[["$","svg",null,{"className":"w-4 h-4","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M8 7V3m8 4V3m-9 8h10M5 21h14a2 2 0 002-2V7a2 2 0 00-2-2H5a2 2 0 00-2 2v12a2 2 0 002 2z"}]}],["$","time",null,{"dateTime":"2026-03-09T16:49:36.000Z","children":"Mon Mar 09 2026"}]]}],["$","p",null,{"className":"text-base text-foreground/80 leading-relaxed","children":"This week, investment fund manager The Vanguard Group committed to ending its ESG-driven investment initiatives, ceasing any efforts to influence portfolio companies’ business strategies toward carbon-emissions reductions, enhancing disclosure..."}]]}] 44:T490,This week, investment fund manager The Vanguard Group committed to ending its ESG-driven investment initiatives, ceasing any efforts to influence portfolio companies’ business strategies toward carbon-emissions reductions, enhancing disclosure of its proxy voting activities, and producing records related to its participation in climate-related organizations. The multi-state suit, led by Texas, asserted that Vanguard and other investment managers engaged in a coordinated effort to drive up the price of coal and misrepresented the nature of their funds to investors. In this landmark settlement agreement, Vanguard has agreed to make the strongest passivity commitments in the industry and empower investors with proxy voting. What are the implications of this settlement for future federal and state action against coordinated ESG-driven market manipulation? Join us for a timely discussion as experts unpack the details of the Vanguard settlement.

Featuring:

Will Hild, Executive Director, Consumers' Research
Brent Webster, First Assistant Attorney General of Texas
(Moderator) Paul N. Watkins, Partner, Fusion Law45:T4ac,*This series was formerly known as Teleforums.

FedSoc Forums is a virtual discussion series dedicated to providing expert analysis and intellectual commentary on today’s most pressing legal and policy issues. Produced by The Federalist Society’s Practice Groups, FedSoc Forum strives to create balanced conversations in various formats, such as monologues, debates, or panel discussions. In addition to regular episodes, FedSoc Forum features special content covering specific topics in the legal world, such as:

Courthouse Steps: A s

The End of ESG Collusion? A Conversation on the Vanguard Case