Larry Fink, CEO of investment firm BlackRock, is facing backlash over a 2017 comment admitting his company would “force behaviors” on inclusion efforts, amid a rise in pushback against companies making environmental, social and corporate governance (ESG) investments on behalf of everyday Americans. While sitting alongside former AmEx CEO Kenneth I. Chenault in a resurfaced […]
Tag: ESG
Biden’s 1st Presidential Veto to protect ESG
President Biden sparked outrage after issuing the first veto of his presidency Monday to thwart a bipartisan anti-ESG bill. The bipartisan bill sought to strike down a new Labor Department rule encouraging retirement fiduciaries to consider environmental, social and corporate governance (ESG) issues in their investments. Sen. Joe Manchin, D-W. Va., blasted Biden for the […]
What role did ESG & DEI play in bank failures?
Three USA-based banks have failed in four days. All of the banks appeared to have been hiring managers for their “identity,” rather than for skill, and were investing heavily in the environmental, social, and governance priorities known as ESG and in the diversity, equity, inclusion priorities known as DEI. They are now being rescued by […]
Is your IRA tanking on account of ESG rules?
More than 100 conservative leaders and groups organized by former Vice President Mike Pence’s political advocacy group are backing a new resolution from Sen. Mike Braun, R-Ind., and Rep. Andy Barr, R-Ky., that would block a move by the Biden administration to promote a “woke capital agenda.” Last week, every Republican senator and West Virginia […]
GOP to attack Black Rock & other ‘ESG’ firms
Republicans are planning to use their control of the House of Representatives in 2023 to intensify attacks on companies that account for climate-related risks when they’re making investment decisions. GOP officials in Washington and more than a dozen states say they’re focusing on firms that are using their financial power to push a so-called woke […]