We just passed the two-year anniversary of Attorney General Jonathan Skrmetti taking office, and it has to be said that he has exceeded even the loftiest expectations we conservatives could have had. For the first time, we have an Attorney General who is on the same page with the Legislature and the vast majority of the population, fighting the fights we want to see fought, and doing us proud in the process. Now seems like a fine moment to reflect on the gift we’ve been given, and marvel at what we might come in his next six years, if he gets the resources to keep this up.
Read the full storyTag: environmental social and corporate governance
Tennessee AG Skrmetti Slaps BlackRock with Lawsuit for Allegedly Harming Consumers: First ESG Lawsuit with This Claim
Republican Tennessee Attorney General (AG) Jonathan Skrmetti filed a consumer protection lawsuit Monday against BlackRock, the world’s largest asset manager and a leading proponent of Environmental, Social and Corporate Governance (ESG) investing.
The consumer protection suit alleges that BlackRock has misled Tennessean consumers about the scale and impacts of its ESG initiatives for several years. The suit further alleges that BlackRock’s own policies and corporate voting records demonstrate that its ESG push bleeds into financial products that are marketed as non-ESG funds, despite the company’s statements that it allocates capital where its clients request as a fiduciary.
Read the full storyLiberty Safe Parent Company Demands ‘ESG Action Plan’ for All Acquisitions, Tied to Sen. Raphael Warnock Donations
Liberty Safe, the company that changed its policy after providing the access code to a January 6 defendant’s safe to the FBI, was acquired by Monomoy Capital Management in 2021. Those close to Monomoy donate almost exclusively to Democrats, including Senator Raphael Warnock (D-GA), while the company was recently honored for its innovations in the field of Environment, Social and Corporate Governance (ESG).
After Liberty Safe was acquired by Monomoy in 2021, its CEO Steve Allred was interviewed for the investment company’s website in 2022. When asked about supply chain disruptions during the COVID-19 pandemic, Allred credited Monomoy’s acquisition for allowing Liberty Safe to streamline its operations, freeing up “additional capital” to continue the company’s growth.
Read the full storyAnti-ESG Fund Rakes in Millions After Two Days on the Market
Strive Asset Management’s anti-activist, energy exchange-traded fund (ETF) raked in over $60 million in funds in its first two days of trading, according to the company’s website.
Strive’s U.S. energy index fund ($DRLL), which invests heavily in fossil fuels in an effort to combat environmentally focused investing, launched Tuesday on the New York Stock Exchange (NYSE) and was one of the exchange’s largest launches of its kind, according to a company letter to investors. Strive hopes that the early success of the fund will help “unlock” value in the domestic energy sector by mandating firms to focus on “profits over politics,” according to the company’s website.
Read the full story‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer for Pushing ESG on State Pension Funds
Missouri Attorney General (AG) Eric Schmidt and 18 other Republican AGs are investigating BlackRock concerning the company’s push to place environmental, social and corporate governance (ESG) standards on states’ pension funds, according to the AGs’ letter.
The Republican AGs, including those from Arizona, Texas, Ohio and Montana, sent a letter to BlackRock CEO Larry Fink on Thursday claiming that BlackRock did not attempt to make money for states’ pensioners, but rather used funds to pressure companies to phase-out fossil fuels and comply with its climate agenda. The AGs allege that numerous of the firms’ actions ‘may violate multiple state laws’ as BlackRock may have an ulterior motive, particularly concerning its “climate agenda,” that differs from its public stances and statements.
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