Replies

No accolades for doing the right thing, but it’s still a good turn of events. Im glad a bunch of red states have started pulling pension funds out of these big Evil Three.

Go woke, go broke

I'll take the win, but I refuse to give credit to Vanguard, mainly because their decision was the result of the lawsuit brought on by 13 Republican attorneys general led by Utah Attorney General Sean Reyes who “filed a rare motion” asking the Federal Energy Regulatory Commission (FERC) “to prevent” Vanguard from “purchasing shares of publicly listed utility companies due to its particular obsession with environmental, social and governance (ESG) investing. The big three mentioned in this article are TV networks. As far as I can tell, no money has been pulled from them. Did I miss something? 🙂

Perhaps you are referring to the ESG-obsessed asset managers like BlackRock, State Street and JPMorgan Asset Management, is that what you are referring to?

As far as I know, only DeSantis has made news regarding pension funds not being allowed in ESG funds:

Gov. Ron DeSantis moves to prohibit state investments in 'woke' agenda

I know of no one who has pulled funds from these companies who invest in ESG BS, but then again I do not know everything going on, and it's hard for me to keep up on everything. It's very easy to miss something, for sure.🙂