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,…
ANALYSIS: The Key to ESG: Controlling the Shareholder Vote
July 15, 2023
admin
Anti-ESGBlackRockBusiness & MarketsCompaniescongresseconomic policiesESGInvestmentPoliticsState StreetUSUS NewsVanguard
0 Comment
IN-DEPTH: Democrats Decry GOP Anti-ESG Hearing as ‘An Attack on Economic Freedom’
June 7, 2023
admin
Anti-ESGBlackRockBusiness & MarketsDemocratseconomic policiesenergyESGFidelityInvestmentPoliticsRepublicansState StreetUSUS FeaturesVanguard
0 Comment
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,…
State Attorneys General Act to Stop BlackRock from Acquiring Large Stakes in US Electric Utilities
May 12, 2023
admin
BlackRockBusiness & MarketsCompanieseconomic policiesenergyESGfercGold and CommoditiesinflationInvestmentMarketsUSUS Electric GridUS NewsVanguard
0 Comment
State attorneys general of 17 states filed a motion this week with the Federal Energy Regulatory Commission (FERC) to stop BlackRock, the world’s largest asset manager and an outspoken advocate for replacing fossil fuels with wind and solar power, from acquiring large shares in America’s utility companies. To protect the independence and stability of America’s…
BlackRock’s Larry Fink and the New Post-ESG Realism
Commentary As regular as the turn of the seasons, each January sees Larry Fink, founder and CEO of BlackRock, the world’s largest asset manager, publish a lengthy letter on the state of the world and its implications for finance and investors. This year, January turned to February, and still no letter. Instead, February saw Tim…
US Due Diligence Firm Raided in Beijing
A top U.S. investigation firm has been raided in China. Due diligence company Mintz Group found itself raided and its staff seized by Chinese officials. The company has since closed its office there, adding it had received no warning or legal notice. All five staff members detained are Chinese nationals. This comes ahead of a…
Texas Joins Multi-State Effort to Prevent Vanguard From Exerting Excessive Power Over Utility Companies
Over concerns of increasing energy costs, Texas has joined a multi-state effort to curb the power of investment fund management company Vanguard over publicly traded utilities, Attorney General Ken Paxton announced on Jan. 3. The Lone Star state is joining Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Ohio, South Carolina, and South Dakota, who, through…
State Attorneys General Sound the Alarm About BlackRock, Vanguard Buying Large Stakes in America’s Utilities
December 19, 2022
admin
BlackRockBusiness & MarketsenergyinflationInvestmentstate attorneys generalUSUS NewsutilitiesVanguard
0 Comment
The acquisition by investment managers BlackRock and Vanguard of ever-increasing shares in America’s public utility companies is setting off alarm bells from conservatives and progressives alike. In April, the Federal Energy Regulatory Commission (FERC) approved a request from BlackRock to increase its ownership up to 20 percent of a public utility’s voting shares without being…
State AGs Sound the Alarm About BlackRock, Vanguard Buying Large Stakes in Utilities
December 19, 2022
admin
BlackRockBusiness & MarketsenergyinflationInvestmentstate attorneys generalUSUS NewsutilitiesVanguard
0 Comment
The acquisition by investment managers BlackRock and Vanguard of ever-increasing shares in America’s public utility companies is setting off alarm bells from conservatives and progressives alike. In April, the Federal Energy Regulatory Commission (FERC) approved a request from BlackRock to increase its ownership up to 20 percent of a public utility’s voting shares without being…
Vanguard Drops Out of Climate Initiative as Reaction Against Woke ‘ESG’ Investing Continues
Investment firm Vanguard Inc. has announced that it’s pulling out from a major climate initiative as the company faces increasing pressure for its policy of using environmental, social, and governance (ESG) factors while investing in securities. In 2021, Vanguard joined the Net Zero Asset Managers initiative (NZAM), which aims to push the asset management industry…
GOP Attorneys General Seeking to Prevent Vanguard From Purchasing Utilities Over Climate Agenda
December 1, 2022
admin
Big Tech, Censorship, and SocialismBusiness & Marketsclimate change agendaCompanieseconomic policiesESG StandardsFeatured Topicsinvesting in utility companiesPacifiCorpPolicies & ImpactsPoliticsSocial IssuesUSVanguard
0 Comment
A coalition of 13 Republican attorneys general filed a “motion to intervene” on Monday, asking a federal energy regulator to block The Vanguard Group from buying shares of publicly listed utility firms due to its decarbonization goals. In February, Pennsylvania-based Vanguard asked the Federal Energy Regulatory Commission (FERC) to extend the blanket authorization granted in…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`