Free Republic

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...