Louisiana has informed BlackRock that the state will be liquidating all investments in the corporation, blaming it for the promotion of politically driven green energy—under environmental, social and governance (ESG) standards—over fossil fuels critical to the state’s economy. “Your blatantly anti-fossil fuel policies would destroy Louisiana’s economy,” Treasurer John Schroder wrote (pdf), on Oct. 5,…
Louisiana Dumps BlackRock Over ‘Crippling’ ESG Policies
October 6, 2022
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Tesla Seeks to Overturn Louisiana Ban on Direct Car Sales
SAN FRANCISCO—Tesla Inc. has filed a lawsuit to challenge Louisiana’s refusal to allow the company to sell vehicles directly to consumers, calling the U.S. state’s move protectionist and anti-competitive. The case is the latest battle to reverse direct sales bans in some states against the electric carmaker, which bypassed traditional car dealerships. In those states,…
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