Red sweep
The Federal Trade Commission (FTC) and Department of Justice (DoJ) may focus on climate and ESG-related collaboration as an anti-trust issue. Large asset managers have already exited industry organizations like ClimateAction100+ in anticipation of legal challenges, which could accelerate this trend. Harris with split Congress
To date, the FTC and DoJ have not signaled climate collaboration as a challenge, so we expect status quo from that perspective.