{"id":315845,"date":"2024-04-02T20:11:50","date_gmt":"2024-04-02T18:11:50","guid":{"rendered":"https:\/\/climatescience.press\/?p=315845"},"modified":"2024-04-02T20:11:53","modified_gmt":"2024-04-02T18:11:53","slug":"states-are-standing-up-to-blackrock-and-esg","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=315845","title":{"rendered":"States are standing up to BlackRock and ESG"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From CFACT<\/a><\/p>\n\n\n\n

By Kathleen Marquardt<\/a><\/p>\n\n\n\n

\"\"
SAN FRANCISCO, CA JULY 1, 2018: BlackRock financial services logo outside of office in San Francisco<\/figcaption><\/figure>\n\n\n\n

Fox News\u2019 Thomas Catenacci\u2019s article, \u201cMississippi hits BlackRock with cease and desist, threatens massive fine over ESG policies,\u201d shows us a Secretary of State who is following the Constitution and protecting his constituents from one of the Woke and disastrous schemes \u2013 the imposition of Environmental, Social, and Governance (ESG) criteria in the business world.<\/p>\n\n\n\n

The Corporate Finance Institute says, \u201cBy restricting access to capital (or making the terms under which it\u2019s available less favorable), bad actors may be incentivized to improve performance across E, S, or G measures.\u201d By the term \u201cincentivized\u201d they mean threatening to stop the flow of vital money important businesses may need unless they are toeing woke priorities including the Green energy line. As companies and states are learning, ESG is very hard on the bottom line. And some are not afraid to stand up against it.<\/p>\n\n\n\n

Last month, 16 Republican attorneys general\u2014Montana, Alabama, Arkansas, Georgia, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nebraska, South Carolina, South Dakota, Texas, Virginia, West Virginia, and Utah\u2014demanded answers from BlackRock on its ESG policies and participation in climate organizations. They are starting to follow through.<\/p>\n\n\n\n

Like a heroic Western sheriff, Secretary of State Michael Watson stated, \u201cInvestment companies will not push their political agenda on Mississippians\u201d. He backed that up with the announcement that he had just issued a cease-and-desist order to BlackRock, alleging the firm had committed \u201cfraud by misleading investors through its climate policies\u201d. Then he added this kicker, \u201ca notice of intent to impose an administrative penalty \u2014 which could amount to a first-of-its-kind multimillion-dollar fine\u201d\u2014all over ESGs.<\/p>\n\n\n\n

The evidence Watson gave that BlackRock is pushing ESG seems compelling. According to the article:<\/p>\n\n\n\n

Watson\u2019s order adds that BlackRock has been a signatory of Climate Action 100+ alliance, which was formed by the United Nations to combat global warming through corporate sustainability agreements. As part of its membership, the firm agreed to \u201csupport the Paris Agreement and the need for the world to transition to a lower carbon economy.\u201d<\/strong><\/em><\/p>\n\n\n\n

Catenacci\u2019s article makes these further points:<\/p>\n\n\n\n

\u201cBlackRock made untrue statements that certain of its funds do not incorporate ESG considerations,\u201d the Mississippi order reads, \u201cAs detailed extensively in this order, BlackRock stated on multiple occasions either expressly through publications or by action that the company does in fact incorporate ESG considerations into its non-ESG funds.\u201d<\/strong><\/em><\/p>\n\n\n\n

Watson said BlackRock\u2019s alleged behavior as outlined in the order constitutes a violation of Mississippi\u2019s general fraud statute.<\/strong><\/em><\/p>\n\n\n\n

He finished his remarks in the same vein, \u201cThey\u2019ve been lying to their customers, and states like Mississippi are not going to allow this to continue. Consumers\u2019 Research will continue to support bold actions taken by state leaders to put an end to the misuse of assets by dishonest Wall Street fat cats like Larry Fink and BlackRock.\u201d<\/p>\n\n\n\n

Those 16 states that signed on to going after BlackRock for its ESG policies have just begun the fight. The Texas Permanent School Fund just pulled $8.5 billion from BlackRock, citing its ESG. It\u2019s heartening to see that people are waking up to the fallacies of environmental policies and even to the absurdities of radicalized climate \u201cscience\u201d. They and many more, please!<\/p>\n\n\n\n

If you want to read the full article, go to:<\/p>\n\n\n\n

https:\/\/www.foxbusiness.com\/politics\/mississippi-hits-blackrock-with-cease-desist-threatens-massive-fine-over-esg-policies<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Fox News\u2019 Thomas Catenacci\u2019s article, \u201cMississippi hits BlackRock with cease and desist, threatens massive fine over ESG policies,\u201d shows us a Secretary of State who is following the Constitution and protecting his constituents from one of the Woke and disastrous schemes \u2013 the imposition of Environmental, Social, and Governance (ESG) criteria in the business world.<\/p>\n","protected":false},"author":121246920,"featured_media":315849,"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_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},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691827979,691819146,691827977,691818229,691818118,691827978],"class_list":{"0":"post-315845","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-16-republican-attorneys-general","9":"tag-blackrock","10":"tag-climate-organizations","11":"tag-esg","12":"tag-green-energy","13":"tag-mississippi","15":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/0blackrock_logo_closeup_1550-main_i.jpg?fit=1550%2C872&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1kah","jetpack-related-posts":[{"id":233119,"url":"https:\/\/climatescience.press\/?p=233119","url_meta":{"origin":315845,"position":0},"title":"Victories 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