BlackRock expected to post booming earnings — as Larry Fink’s firm shifts from woke investing of past
Red State treasurers still look at BlackRock’s CEO Larry Fink with skepticism, but these days less so, and they’ve largely ...
BlackRock may exit woke business climate group Net Zero Alliance as backlash over ESG investing widens
Larry Fink had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon ...
IJR1d
DAVID BLACKMON: ESG Is Collapsing And Net Zero Is Going With It
As the foundations of the ESG movement collapse, so are some of the institutions that sprang up around it. The United Nations ...
ESG Opponents Get Novel Win in American Airlines 401(k) Suit
American Airlines Inc. violated federal law by filling its 401(k) plan with funds from investment companies that pursue ...
BlackRock Withdraws From Climate Coalition, Backpedaling Again on ESG
BlackRock is pulling out of a United Nations-sponsored climate initiative, a remarkable U-turn for a company that was once a ...
American Airlines ESG investing strategy violated federal law, judge rules
A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully ...
Benefits Pro4d
BlackRock quits Net Zero climate group, after ongoing pushback against ESG investing
The world’s largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero ...
JD Supra1d
Federal Court Rules ESG-Guided Investing of 401(k) Plan Is a Breach of Fiduciary Duty
Following a bench trial, Judge O'Connor (N.D. Tex.) held that “that Defendants breached their fiduciary duty by failing to loyally act solely in ...
Exclusive: Investor climate group suspends activities after BlackRock exit
A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its ...
American Airlines’ use of ‘ESG activist’ BlackRock failed workers, US judge says
Case over pension scheme management highlights rising risks of legal challenges over environmentally-focused policies ...
Texas judge strikes down American Air’s ESG focus in retirement accounts
A federal judge struck another legal blow against ESG, ruling that non-financial decisions made in 401(K) accounts were ...
Wall Street Journal4d
BlackRock Withdraws From Climate Coalition, Backpedaling Again on ESG
BlackRock BLK-0.19%decrease; red down pointing triangle is pulling out of a United Nations-sponsored climate initiative, a remarkable U-turn for a company that was once a poster child of the ...