“This case is about alleged anticompetitive conduct that increased energy prices for ordinary American consumers and businesses,” attorneys for the DOJ and FTC wrote in a joint statement of interest filed May 22. https://t.co/sEKD5akeeo
FTC and DOJ support Republican State Attorneys General in antitrust case targeting corporate ESG initiatives https://t.co/lGVDX8i2sO
Trump Administration Will Replace the Biden Administration's Department of Labor Rule Permitting ESG Investing https://t.co/C7ZCof34oi #Work #Environmental #Government @Mintz_Law https://t.co/xO5Xry5PC2
U.S. antitrust enforcement agencies, including the Federal Trade Commission (FTC) and the Department of Justice (DOJ), have signaled a more aggressive approach to antitrust enforcement across procurement, consumer products, and labor markets. The FTC has publicly supported the DOJ's proposal requiring Alphabet's Google to share search data with competitors, emphasizing that the proposal includes adequate user privacy safeguards. Concurrently, the Trump administration has filed a statement of interest backing Republican state attorneys general in an antitrust lawsuit targeting asset managers accused of anticompetitive behavior related to environmental, social, and governance (ESG) initiatives. This case, exemplified by Texas v. BlackRock, alleges that such conduct has contributed to increased energy prices for American consumers and businesses. Additionally, the Trump administration plans to replace the Biden administration's Department of Labor rule that permitted ESG investing. The DOJ and FTC jointly highlighted concerns over anticompetitive practices affecting energy prices in their recent filings.