Woke BlackRock Might Be in Trouble Thanks to These State Attorneys General

Townhall ^ | 5/11/23 | Spencer Brown

[CFW]

In conservatives' ongoing — and largely successful — work to gut woke ESG (environmental, social and governance) policies in order to protect investors' financial wellness, more than one dozen state attorneys general have put BlackRock on notice by challenging its ability to snap up stock in public utility companies.

BlackRock's blanket authorization to buy large stakes in public utility companies — granted by the Federal Energy Regulatory Commission (FERC) — is worrisome given BlackRock's touted membership in Climate Action 100+ and Net Zero Asset Managers Initiative.

The former means that BlackRock has pledged to "work with the companies in which we invest to ensure that they are minimizing and disclosing the risks and maximizing the opportunities presented by climate change." That is, using shareholder power to achieve radical climate goals that undercuts profits and ROI and ultimately drives up the cost of energy.

[CFW]

Good to see state AG's pushing back on another progressive issue.

[AAABEST]

Blackrock needs lots investigations and lawsuits... maybe a nice bankruptcy.

[Army Air Corps]

That would be a benefit to humanity.

[Wallace T.]

Don't state utility commissions have the authority to deny investors from acquiring shares in a power company? If the states where the attorneys general are petitioning the FERC had their utility commissions keep BlackRock and similar “green” investors from acquiring significant ownership, that would be effective.

[Carriage Hill]

BlackRock is leftist scum, filth, garbage, crap, sh•t & sewage.

[crusty old prospector]

Surely, you jest. They are too big to fail.

[Pajamajan]

bttt