Over the past few months, more than a dozen attorneys general from throughout the nation have raised legitimate concerns about BlackRock’s crony capitalist investment scheme known as environmental, social, and governance (ESG) metrics.
In fact, on August 4, 19 attorneys general signed a coalition letter stating, “BlackRock appears to use the hard-earned money of our states’ citizens to circumvent the best possible return on investment, as well as their vote. BlackRock’s past public commitments indicate that it has used citizens’ assets to pressure companies to comply with international agreements such as the Paris Agreement that force the phase-out of fossil fuels, increase energy prices, drive inflation, and weaken the national security of the United States. These agreements have never been ratified by the United States Senate. The Senators elected by the citizens of this country determine which international agreements have the force of law, not BlackRock.”