{"id":233119,"date":"2022-12-09T18:17:47","date_gmt":"2022-12-09T17:17:47","guid":{"rendered":"https:\/\/climatescience.press\/?p=233119"},"modified":"2022-12-09T18:17:56","modified_gmt":"2022-12-09T17:17:56","slug":"victories-against-esg-starting-to-accelerate","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=233119","title":{"rendered":"Victories against ESG Starting to Accelerate"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"362\" data-attachment-id=\"233125\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=233125\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/image-197.png?fit=1024%2C512&amp;ssl=1\" data-orig-size=\"1024,512\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-197\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/image-197.png?fit=723%2C362&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/image-197.png?resize=723%2C362&#038;ssl=1\" alt=\"\" class=\"wp-image-233125\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/image-197.png?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/image-197.png?resize=300%2C150&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/image-197.png?resize=768%2C384&amp;ssl=1 768w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Vanguard Leaves international net zero alliance GFANZ<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Less than one week after I called for the Federal Energy Regulatory Commission (FERC) to revoke Vanguard&#39;s authorization to purchase share in publicly traded utility companies, they folded.<br><br>Keep up the pressure, we&#39;re winning.<br><br> <a href=\"https:\/\/t.co\/MWNjo9Em4b\">https:\/\/t.co\/MWNjo9Em4b<\/a><\/p>&mdash; Will Hild (@WillHild) <a href=\"https:\/\/twitter.com\/WillHild\/status\/1600581855291523097?ref_src=twsrc%5Etfw\">December 7, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Covered in more detail here.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><a href=\"https:\/\/legalinsurrection.com\/2022\/12\/vanguard-group-one-of-big-three-index-fund-managers-quits-esg-oriented-net-zero-group\/\">https:\/\/legalinsurrection.com\/2022\/12\/vanguard-group-one-of-big-three-index-fund-managers-quits-esg-oriented-net-zero-group\/<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong><a href=\"https:\/\/twitter.com\/BlackRock\">BlackRock<\/a>&nbsp;was subpoenaed by the state of Texas regarding illegal ESG activity.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-medium-font-size wp-block-paragraph\">The Texas state legislature subpoenaed BlackRock for a series of documents related to the billion-dollar financial institution\u2019s&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.foxbusiness.com\/politics\/republican-states-planning-assault-woke-banks-wont-do-business\" target=\"_blank\">environmental, social and governance (ESG) policy push<\/a>.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The subpoena,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/app.box.com\/s\/d8w7eq38jrg3hhptdd7iido448didwwh\" target=\"_blank\">issued late last month<\/a>&nbsp;by the Texas Senate Committee on State Affairs, represents the latest effort from the Republican-led state to slow the so-called ESG movement. Massive asset managers like BlackRock, Vanguard and State Street have increasingly pushed ESG standards upon companies in which they hold large financial stakes in an effort to push a broad green transition from traditional fossil fuel energy sources to alternatives like wind and solar.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><a href=\"https:\/\/www.msn.com\/en-us\/news\/us\/texas-subpoenas-blackrock-for-documents-related-to-esg-push\/ar-AA150MSR\">https:\/\/www.msn.com\/en-us\/news\/us\/texas-subpoenas-blackrock-for-documents-related-to-esg-push\/ar-AA150MSR<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>US States divesting from BlackRock over ESG<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cUsing our cash to fund BlackRock\u2019s social-engineering project isn\u2019t something Florida ever signed up for,\u201d Patronis said in a released statement, \u201cIt\u2019s got nothing to do with maximizing returns and is the opposite of what an asset manager is paid to do.\u201d Accordingly, Florida will immediately remove $600 million in short-term investments from BlackRock and freeze another $1.43 billion in long-term securities, pending their reassignment to new management in early 2023.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><a href=\"https:\/\/www.newsweek.com\/floridas-divestment-blackrocks-esg-hijacking-sound-public-policy-opinion-1764433\">https:\/\/www.newsweek.com\/floridas-divestment-blackrocks-esg-hijacking-sound-public-policy-opinion-1764433<\/a><\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Florida (two billion!)<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Missouri<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">South Carolina<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Utah<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Louisiana<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Arkansas<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"407\" data-attachment-id=\"233127\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=233127\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0296473.webp?fit=1200%2C675&amp;ssl=1\" data-orig-size=\"1200,675\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0296473\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0296473.webp?fit=723%2C407&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0296473.webp?resize=723%2C407&#038;ssl=1\" alt=\"\" class=\"wp-image-233127\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0296473.webp?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0296473.webp?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0296473.webp?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0296473.webp?w=1200&amp;ssl=1 1200w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">via <strong><em><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-blue-color\">Watts Up With That?<\/mark><\/em><\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">December 8, 2022<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><a href=\"https:\/\/wattsupwiththat.com\/2022\/12\/08\/victories-against-esg-starting-to-accelerate\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=victories-against-esg-starting-to-accelerate\">Victories against ESG Starting to Accelerate \u2014 Watts Up With That?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Using our cash to fund BlackRock&#8217;s social-engineering project isn&#8217;t something Florida ever signed up\u00a0for<\/p>\n","protected":false},"author":121246920,"featured_media":233127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-233119","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","9":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0296473.webp?fit=1200%2C675&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-YDZ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/233119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=233119"}],"version-history":[{"count":7,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/233119\/revisions"}],"predecessor-version":[{"id":233128,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/233119\/revisions\/233128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/233127"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=233119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=233119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=233119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}