Tennessee Slaps BlackRock With First-Of-Its-Kind Consumer Protection Lawsuit Over ESG Sham
Tennessee State Attorney General Jonathan Skrmetti filed the first-of-its-kind consumer protection lawsuit against BlackRock, accusing the world's largest 'woke' money manager of making false and misleading claims regarding its Environmental, Social, and Governance (ESG) investment strategies to residents of the state.
Tennessee's lawsuit addresses BlackRock's use of proxy voting to ram woke capitalism through corporate America but at the expense of returns.
"BlackRock has admitted that promoting ESG aims — like companies' radically reducing their carbon output — can conflict with its funds' financial performance," the lawsuit said. "It is thus only fair that consumers know if the hard-earned funds they invest will be leveraged to BlackRock's ESG ends, rather than to maximizing financial returns."
No comments:
Post a Comment