from BlackRock Inc., making it the largest move of its kind by an individual state, a bite back at investors that cut ties with or “boycott” energy and fossil fuel companies.
Bettencourt asked the investment companies if being part of environment initiatives created any bias when making decisions or recommendations to clients. Environmental activists have called the Thursday hearing “political theater of fossil fuel interests.” “These are the biggest asset managers in the world and their actions have implications for the global economy,” Harrell said. “They cannot bow to the fringe of one political party in the U.S. when the world needs meaningful and sensible climate action now.”
Gee, you're still claiming no bias.
How about they fix our foster care system or increase education funding. This is just a giant circle jerk for their donors.
Uh how is it that there’s a law that tells firms where it has to spend its money?
I thought Republicans didn’t like government interference in private enterprise? Wonder when that changed?
But freedom! But capitalism!