State of Tennessee Sues Management Group BlackRock Over Harmful, Anti-Growth ESG Policies
Shane Trejo
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The state of Tennessee is going on the offense against the corporate management monolith BlackRock over their support of controversial environmental, social and governance (ESG) policies that harm American businesses and push a radical leftist agenda.
“We allege that BlackRock’s inconsistent statements about its investment strategies deprived consumers of the ability to make an informed choice,” Tennessee Attorney General Jonathan Skrmetti said to FOX Business about the lawsuit, which is the first of its kind nationwide.
“Some public statements show a company that focuses exclusively on return on investment, others show a company that gives special consideration to environmental factors,” Skrmetti added. “Ultimately, I want to make certain that corporations, no matter their size, treat Tennessee consumers fairly and honestly.”
BlackRock oversees an astronomical $9.1 trillion in assets worldwide, including some of the most powerful corporations in the world. They are using their immense economic power to influence corporations into adopting climate mandates and other social justice initiatives that may affect profits and undermine their fiduciary duties to shareholders.
“Attorney General Skrmetti is protecting consumers and calling out deception from asset management firms turned tyrants like BlackRock and its CEO Larry Fink who are attempting to foist a political agenda on the people of Tennessee and all Americans,” said Will Hild, who serves as the executive director of Consumers’ Research, an advocacy group that stands for the rights of consumers to be free from the woke agenda.
“Larry Fink has been forgoing his fiduciary duty by taking consumers’ money and using it for Leftist causes such as ESG and arbitrary net-zero goals for far too long,” Hild said to FOX Business. “This lawsuit is taking the fight directly to Larry Fink and BlackRock to let them know these policies will not be tolerated. I applaud his commitment in protecting Tennesseans, and Consumers’ Research will continue to support actions that push back on ESG policies that do much more harm than good.”
BlackRock’s ethos in pushing leftism can be seen on their corporate “sustainability” page. Sustainability has become a common buzzword used by leftists to conceal the nature of their extremist, authoritarian agenda to cripple American industry.
BlackRock states that they are pursuing “a corporate sustainability strategy that is focused on reducing greenhouse gas (GHG) emissions…and increasing the efficiency of BlackRock’s operations, where possible” and pushing corporations to “take into consideration diversity in gender, race/ethnicity, age, career experience, sexual orientation and nationality” when considering hiring practices.
More states need to follow in Tennessee’s footsteps, and launch lawsuits and other measures to bring down the woke agenda within corporate America.
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