Category: Anti-ESG

ANALYSIS: The Key to ESG: Controlling the Shareholder Vote

July 15, 2023
Anti-ESGBlackRockBusiness & MarketsCompaniescongresseconomic policiesESGInvestmentPoliticsState StreetUSUS NewsVanguard
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During the discussion in which BlackRock CEO Larry Fink told his audience that his firm was “forcing behaviors” on companies whose shares it held, he also divulged a key lever of the progressive movement to control corporations: proxy voting. Fink told attendees at a 2017 New York Times conference that as an index fund manager,…

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IN-DEPTH: Shareholder Votes Show Support for ESG Falling

June 9, 2023
Anheuser-Busch InBevAnti-ESGBud LightBusiness & Marketseconomic policiesESGInvestmentMarketspersonal financeproxy votingstocksTarget
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This year’s spring season of shareholder voting is leading some to believe that the tide may be turning against the left-wing corporate pressure campaign that goes under the awkward moniker of Environmental, Social and Governance, or ESG. “The big story this year is the drop in support for ESG proposals,” Scott Shepard, a fellow at…

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IN-DEPTH: Democrats Decry GOP Anti-ESG Hearing as ‘An Attack on Economic Freedom’

June 7, 2023
Anti-ESGBlackRockBusiness & MarketsDemocratseconomic policiesenergyESGFidelityInvestmentPoliticsRepublicansState StreetUSUS FeaturesVanguard
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Finance and energy experts testified before the House Oversight Committee on Tuesday that the environmental, social, and governance (ESG) movement is impairing Americans’ retirement savings, reducing living standards, and infringing on civil rights, while Democrat members protested that GOP efforts against ESG threatened Americans’ economic freedom. “As American families continue to struggle under rampant inflation,…

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State Pension Funds Defy Anti-ESG Laws When Voting Their Shares, Watchdog Charges

June 1, 2023
Anti-ESGBusiness & MarketsCompaniesESGFlorida CFO Jimmy PatronisGov. Ron DeSantisInvestmentMarketspersonal financePoliticsstate pension fundsstocksUS
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Conservative states working to keep state funds out of the environmental, social, and corporate governance (ESG) movement are finding that, when it comes to state fund managers, you can lead them to water but can’t always make them drink. Despite recent laws in states like Florida and Ohio banning the use of municipal dollars for…

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Oklahoma Targets Wall Street ESG Activists

May 4, 2023
Anti-ESGBank of AmericaBlackRockBusiness & Marketseconomic policieseconomyenergyESGJPMorgan ChaseOklahomaPolicies & ImpactsPoliticsRegional & State NewsRepublicansState NewsUSUS NewsWells Fargo
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Oklahoma became the latest state to take action against Wall Street firms that it claims are hurting companies that are essential to providing jobs and energy for the state. Oklahoma Treasurer Todd Russ announced on Wednesday that 13 financial institutions, which have been deemed to be discriminating against Oklahoma’s energy industry, will be banned from doing business with the state, losing…

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DeSantis Signs Bill Curbing Financial Use of ‘Woke’ Investment Principles

May 2, 2023
Anti-ESGBusiness & MarketsFloridaFlorida Gov. Ron DeSantisPolicies & ImpactsPoliticsRegional & State NewsSocial credit scoreState NewsUS
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Florida Gov. Ron DeSantis signed into law a bill curbing financial companies’ use of ESG principles to govern investment or lending decisions in the state. According to DeSantis ESG—environmental, social, and governmental—has become a backdoor way for companies to impose woke values on communities that would never approve such things at the ballot box. At…

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Companies Go Woke, Consumers Fight Back With Their Wallets

April 18, 2023
Anti-ESGbill maherBlackRockBud LightBusiness & Marketscancel cultureCompaniesConservativeconsumers' researchEntertainmentEntertainment NewsEpochTVESGFeatured TopicsJack DanielsMedia & Big TechThe Beau ShowUSUS Newswoke
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As corporate culture goes woke, conservative Americans have punched back. Thanks to organizations like Consumers Research, which examines the actions of corporations and alerts customers if companies go woke, consumers can support businesses that respect and share their values. For example, Bud Light has recently experienced a loss in sales due to its transgender collaboration….

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Biden Issues First Veto, Blocks Anti-ESG Investment Measure

March 20, 2023
Anti-ESGBig Tech, Censorship, and Socialismclimate changecongressExecutive BranchFeatured TopicsPolicies & ImpactsPoliticsUSUS President Joe Bidenveto
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President Joe Biden issued his first veto on Monday after Congress voted to block a Labor Department rule that would allow fund managers of retirement plans to consider the long-term effects of social factors and climate change on investments—a move Republicans call a “woke” policy that will harm retirees’ pocketbooks. According to a statement sent…

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Biden Issues 1st Veto, Blocks Anti-ESG Investment Measure

March 20, 2023
Anti-ESGBig Tech, Censorship, and Socialismclimate changecongressExecutive BranchFeatured TopicsPolicies & ImpactsPoliticsUSUS President Joe Bidenveto
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President Joe Biden issued his first veto on March 20, rejecting a bipartisan measure that would have blocked a Labor Department rule that allows pension fund managers to consider social factors and climate change in investment decisions—a rule that Republicans say is a “woke” policy that will harm retirees’ pocketbooks. The president posted a video…

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