A letter from 19 Republican state attorneys general to Blackrock accuses the investment firm of a political agenda:
Based on the facts currently available to us, BlackRock appears to use the hard-earned money of our states’ citizens to circumvent the best possible return on investment, as well as their vote. BlackRock’s past public commitments indicate that it has used citizens’ assets to pressure companies to comply with international agreements such as the Paris Agreement that force the phase-out of fossil fuels, increase energy prices, drive inflation, and weaken the national security of the United States. These agreements have never been ratified by the United States Senate. The Senators elected by the citizens of this country determine which international agreements have the force of law, not BlackRock.
As that excerpt suggests, the letter is political theater, shrill, slanted, and completely unsubstantiated. If Blackrock responds, we will publish their letter.