Carbon copy: The Tipline for 7 July 2023

It’s the end of the world as we know it (and Jim Jordan feels fine). The House Judiciary Committee might not be listening to R.E.M. on loop, but it is ramping up its investigation into potential collusion between asset managers at BlackRock, Vanguard and State Street, warning that schemes to decarbonise their assets – or curb the catastrophic destruction of our planet, depending on your view – are detrimental to the public interest. Meanwhile, Republican scrutiny has caused a United Nations-backed alliance to roll back reporting requirements for insurance providers seeking to neutralise carbon emissions in order to avoid antitrust push-back from state enforcers.