https://www.wnd.com/2022/09/blackrock-scrambles-clarify-stance-climate-focused-investing/
The world’s largest asset manager, BlackRock, responded to more than a dozen Republican attorneys general explaining its approach to environmental, social and corporate governance (ESG) investing after the attorneys general alleged that the company is violating its fiduciary duties, according to a company letter.
A group of 19 Republican attorneys general sent a letter Aug. 4 to BlackRock in response to BlackRock chief client officer Mark McCombe’s claims that the company does not have a stance on energy investments and merely offers clients a range of investment options in the energy sector.
The attorneys general argued that BlackRock used its management of state pension funds to pressure companies to comply with its climate agenda.