An Alabama lawyer and economist said that a recent lawsuit from the state of Tennessee against the financial titan BlackRock, Inc. over its environmental, social, governance (ESG) investment strategy could shed light on the massive asset management corporation.
Independent journalist James O’Keefe released a video on Wednesday morning in which an alleged BlackRock Inc. employee suggested the company is purchasing politicians and profiting off of war. One Alabama lawyer, economist and think-tank leader said it’s a sign that the company has “an uncanny and nefarious ability to influence politicians.”
Vanguard and BlackRock Inc., two large asset management companies committed to controversial so-called “sustainable” investing, happen to be the largest owners of Birmingham-based Regions Financial.
Alabama Attorney General Steve Marshall signed a letter late last month with several other attorneys general criticizing large financial institutions like BlackRock Inc. for leveraging their capital to push woke environmental and social objectives.
Alabama Gov. Kay Ivey joined Florida Gov. Ron DeSantis and 17 other states to oppose President Joe Biden’s efforts to keep environmental, social and governance investing in employee pension plans.
Around 30 train cars derailed early Thursday morning from a Norfolk Southern Railway in Calhoun County, just as the railroad company’s CEO apologized to Congress for the devastating derailment in East Palestine, Ohio, which resulted in over a million pounds of toxic chemicals potentially being spilled.
BlackRock responded to the attorney generals of some conservative states on Wednesday, defending its stance on ESG investing.