States push back against ESG control of energy

 Spencer Brown:

The radical left's push to make ESG — environmental, social, and governance — key factors in decision-making for economic and other everyday considerations has finally met its match in several Republican-led states thanks to treasurers who are willing to take action to remove state funds from entities that are embracing ESG, such as BlackRock.

On Tuesday, the Show Me State became the latest to divest from BlackRock over its "woke political agenda" as Missouri Treasurer Scott Fitzpatrick announced that the Missouri State Employees' Retirement System (MOSERS) had sold off all public equities managed by BlackRock.

"This is the right thing to do for Missouri state employees who rely on the assets managed by MOSERS for their retirement," Treasurer Fitzpatrick told FOX Business on Tuesday morning. "Fiduciary duty must remain the top priority for investment managers—a duty some of them have abdicated in favor of forcing a left wing social and political agenda that has failed to succeed legislatively, on publicly traded companies," he added.

"We should not allow asset managers such as BlackRock, who have demonstrated that they will prioritize advancing a woke political agenda above the financial interests of their customers, to continue speaking on behalf of the state of Missouri," Fitzpatrick explained. "It is past time that all investors recognize the massive fiduciary breach that is taking place before our eyes, and do something about it."

Fitzpatrick is right to make sure that state employees have their assets managed by an entity that's focused on returns and future security, not leftist nonsense that kneecaps profitability in the name of woke virtue signaling. Among the areas in which ESG seeks to run amok is the left's so-called "green" transition — something the Biden administration has adopted at great cost to the American people and national security. The ESG-backing entities like BlackRock, Vanguard, and State Street, are seeking to quicken the implementation of those disastrous policies by using the funds and shareholder rights of many Americans who are unwitting coconspirators in the ploy.
...

ESG has become a code for the Big Green agenda.  That agenda is seen as an impediment to economic growth by requiring the use of less efficient and less reliable alternative energy. 

See, also:

Republican AGs Probe Top Banks Over Biden-Backed ‘Zero Emissions’ Pledge

'The last thing Americans need right now are corporate activists helping the left bankrupt our fossil fuel industry,' Texas AG Ken Paxton said

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