Republican attorneys general move to block BlackRock’s ESG push

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More than a dozen Republican state attorneys general filed a motion with a key federal energy regulator seeking to block BlackRock from pushing an ESG agenda on utility companies.

Calamos Investments President and CEO John Koudounis shares his new ETF and discusses the ESG market on ‘Mornings with Maria.’block BlackRockBlackRock, the world’s largest asset manager, is a signatory to the Climate Action 100+ and the Net Zero Asset Managers initiatives that seek to use the shareholder voting power of members to influence how utilities operate by reducing reliance on fossil fuels and.

"These elitists are trying to impose restrictions on energy companies and utilities that would never win approval at the ballot box," said Indiana Attorney General Todd Rokita. "Their schemes could raise utility bills for regular Americans, including elderly Hoosiers on fixed incomes, and they could diminish the value of their investment accounts."

"The public interest is served when investment companies build their business models on maximizing financial returns for clients," Rokita added. "Conversely, the public interest is hijacked when these companies subjugate clients’ financial interests to leftist fever dreams."

 

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