Louisiana To Pull Out Of BlackRock, Citing Its ESG Investing

It’s nice of Louisiana treasurer John Schroder to make it absolutely clear that the decision to stop doing business with BlackRock is based not on what is best for pension plan beneficiaries, as required by his obligation as a fiduciary, but on his insistence that the financial firm subsidize local businesses, thus admitting exactly what…

WSJ Gets Duped on Fake News ESG “Study”

The Wall Street Journal was either duped or disingenuous in an op-ed from Vivek Ramaswamy (author of anti-ESG book Woke, Inc.) and Riley Moore (Treasurer of coal-economy West Virginia) about a study giving bad grades to pension funds and fund managers for supporting the proxy contest at ExxonMobil in 2021. See below: Insight ESG Energy is…

GOP Pushes to Outlaw Divestment

Once again, we see those who love to rhapsodize about the purity of the free markets working to disrupt and distort the free market with subsidies. Donald Shaw of The Lever reports on political initiatives to make divestment of fossil fuel companies illegal. Republican state and federal lawmakers, their campaign coffers filled with fossil fuel…

Why Fossil Fuel Companies Are Reckoning With Climate Change | Time

As concerns grow over the existential challenges posed by climate change, Shell must grapple with its own existential crisis: How should a company that generates most of its profits by serving the world’s enormous appetite for oil navigate a long-term future in which shifting political and economic tides threaten to make fossil fuels obsolete? The…