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Tag: ESG

Marshall Alabama News
AG Marshall: ESG is an ‘effort to change policy not through the ballot box but through access to capital’

The environmental, social governance (ESG) movement is an effort to take control of companies and change policy through access to capital, according to Alabama Attorney General Steve Marshall.

Cattle James Coleman unsplash com Alabama News
Ag Commissioner Pate, other ag commissioners sound alarm on woke bank policies that could impact farmers, consumers

Alabama agriculture commissioner Rick Pate is one of 12 commissioners nationwide signing onto a letter demanding six of the largest banks in the nation stop participating in woke agendas.

Photo from KFP com Alabama News
Troy University economist: Tennessee lawsuit against BlackRock may bring to light plans and practices that have hidden in the dark for too long

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. 

Puzder Alabama News
Andrew Puzder at Troy University: ESG investing is using ‘red state monies to advance a progressive political agenda’

Economic expert Andrew Puzder warned on Tuesday during a speech at Troy University of the perils environmental, social, and governance investing might have on the average American.

RSA from RSA Facebook Alabama News
RSA responds to nonprofit report labeling pension fund’s investment managers ‘Pro-ESG’; Claims report relied on faulty information

After 1819 News reported on a “spotlight bias” study from the 1792 Exchange, which gave the Retirement Systems of Alabama’s investment managers one of the highest “Pro-ESG” averages in the country, a spokesperson from RSA responded to refute the nonprofit’s claim.

RSA Alabama News
Nonprofit claims RSA's investment managers voted for higher percentage of 'Pro-ESG' shareholder resolution than vast majority of public pensions in 2022

The 1792 Exchange released a new “spotlight bias report” detailing the percentage of “pro-ESG” resolutions supported by state pension funds in 2022, and the Retirement Systems of Alabama (RSA) landed near the top of the list.

ESG blocks Alabama News
How does Alabama’s new ‘anti-ESG’ bill actually work, and who does it apply to?

Last spring, the Alabama Legislature passed what some Republicans called the strongest piece of legislation battling controversial environmental, social, governance investing in the country. Gov. Kay Ivey signed the bill into law in June.

Photos from Facebook Alabama News
Birmingham City Council could be in violation of state law for $4.5 million agreement with pro-ESG bank for Rickwood Field renovations

The Birmingham City Council unanimously voted to enter a $4.5 million funding agreement on Tuesday with PNC Bank to provide for improvements to the historic baseball stadium Rickwood Field.

ESG Alabama News
Poll: Most Alabamians oppose investing taxpayer money in politically motivated banks, funds

A poll released this summer by the Center for Excellence in Polling (CEP) showed a majority of Alabamians oppose investing taxpayer money in companies that use ideology as a metric to make business and investment decisions. 

Steve Marshall, ESG Alabama News
Large credit agency drops ESG; Alabama AG Marshall expects the metric to ‘continue to crumble’

One of the largest credit rating agencies in the nation announced last week they were going to stop publishing the environmental, social and governance scores of corporate borrowers.

Jonathan Newman Photo from Mises org Alabama News
‘It's trickery and fraud, not free market capitalism' — Mises Institute economist calls out Politico article touting Democrats as free market allies for pro-ESG stance

Last week, Politico released an article suggesting progressives in the Democratic Party are the true allies of the free market economy because of their support of environmental, social governance investing and large asset managers like BlackRock Inc. and Vanguard. 

Blackrock OMG Alabama News
Troy University economist warns of BlackRock's 'nefarious ability to influence politicians' in wake of O’Keefe report of alleged recruiter — 'These guys run the world'

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.”

Regions Bank Alabama News
Where do three top Birmingham-based banks stand on ESG?

Earlier this month, Alabama Gov. Kay Ivey signed into law restrictions on financial institutions’ ability to use environmental, social governance (ESG) factors to discriminate in business decisions while entering contracts with the state.

AL Governor Ivey Kay Alabama Alabama News
Ivey signs anti-ESG legislation into law

Legislation by State Sen. Dan Roberts (R-Mountain Brook) prohibiting state contracts with businesses that boycott specific sectors of the economy based on environmental, social and governance was signed into law by Gov. Kay Ivey on Tuesday. 

DSC02032 Alabama News
Alabama House passes anti-ESG legislation — No Democratic debate, one Republican 'no' vote; Heads to Ivey for signature

Legislation by State Sen. Dan Roberts (R-Mountain Brook) prohibiting state contracts with businesses that boycott specific sectors of the economy based on environmental, social and governance policies passed the Alabama House of Representatives unamended and with no debate.

House Floor Alabama News
Anti-ESG bill scheduled to come to House floor on Wednesday

Legislation by State Sen. Dan Roberts (R-Mountain Brook) prohibiting state contracts with businesses that boycott certain sectors of the economy based on environmental, social and governance (ESG) policies is on the docket for a House vote on Wednesday.

State Sen. Arthur Orr Alabama News
State Sen. Orr: ESG ban 'important for our state' — 'Hopefully, over time, the ESG narrative will dissipate and go away'

With only three legislative days remaining, one of the bills remaining on the docket is sponsored by State Sen. Dan Roberts (R-Mountain Brook) that would prohibit state contracts with businesses that boycott certain sectors of the economy based on environmental, social and governance (ESG) policies.

Regions Alabama News
Vanguard, BlackRock top owners of Birmingham-based bank Regions Financial

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.

ESG Alabama News
Anti-ESG bill passes House committee as legislative session winds down

Legislation by State Sen. Dan Roberts (R-Mountain Brook) prohibiting state contracts with businesses that boycott certain sectors of the economy based on environmental, social and governance (ESG) policies passed the House Financial Services Committee on Wednesday.

Steve Marshall Alabama News
AG Marshall disputes claim that ESG is 'free market' in WSJ oped

Alabama Attorney General Steve Marshall published an op-ed in the Wall Street Journal on Tuesday criticizing ESG agenda proponents who purport to be defenders of the free market.

Steve Marshall Alabama News
AG Marshall praises state's anti-ESG bill as he addresses issue nationally — 'This needs to be an ongoing discussion in what we do'

In a recent interview with 1819 News, Alabama AG Steve Marshall said he supported State Rep. Dan Roberts’ anti-ESG bill and was “appreciative” that Roberts was addressing the issue for the state while Marshall focuses on the national level.

Mule Alabama News
Joey Clark: Some mules are bigger than others

Though Alabama’s “big mules” have changed over the last century, they still hold outsized influence over who's doing the pulling and who’s doing the eating in the Heart of Dixie.

State Sen. Chris Elliott. Photo: Erica Thomas. Alabama News
State Sen. Elliott: Anti-ESG bill 'one of the widest, broadest pieces of ESG legislation in the country'

Last week, State Sen. Dan Roberts' (R-Mountain Brook) bill that would prohibit state contracts with businesses that boycott certain sectors of the economy based on environmental, social and governance (ESG) policies passed out of the Fiscal Responsibility and Economic Development Committee.

Regions Bank Alabama News
Dr. Daniel Sutter: ESG, regulations and economic freedom

Can a law restricting banks increase economic freedom? In the case of Alabama’s Senate Bill 261, the “anti-ESG” bill, the answer is likely yes.

AL Senate Ashley Carter Alabama News
Alabama Senate approves unexpected $1 million for Troy’s Johnson Center in education budget

The Alabama Senate approved a $1 million appropriation for Troy University’s Johnson Center for Political Economy last week in its Education Trust Fund budget, but Johnson Center executive director Allen Mendenhall said he only found out about this when a reporter showed him the bill.

ESG Alabama News
Anti-ESG legislation passes Senate committee

Legislation by State Sen. Dan Roberts (R-Mountain Brook) that prohibits state contracts with businesses that boycott certain sectors of the economy based on environmental, social and governance (ESG) policies passed the Fiscal Responsibility and Economic Development Committee on Wednesday.

Photo from Steve Marshalls Facebook page Alabama News
Alabama Attorney General Steve Marshall testifies before Congress against ESG investing

Alabama Attorney General Steve Marshall testified in front of the U.S. House Oversight and Accountability Committee on Wednesday, advocating against the use of environmental, social governance (ESG) criteria in investment decisions.

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