Tennessee sues Blackrock over ESG under consumer protection law | Eastern NC Now

says investors shortchanged by political goals of ESG

ENCNow

Many state treasurers, including NC's Dale Folwell, have taken steps to protect state pension funds from the abnormally low returns of ESG "investment" funds, many run by major investment firm Blackrock, but Tennessee's Attorney General is taking it a step further.  ESG stands for "Environment, Social Justice, Goverance" and makes investments around those leftwing political objectives instead of seeking the highest return for the money invested.  In the law, it is normally the duty of a fiduciary to seek the higher return for its clients funds.

Tennessee has filed a lawsuit under its state Consumer Protection Law against Blackrock alleging that the political objectives of ESG funds are shortchanging their investors.  The Tennessee Attorney General is seeking to recover money damages from Blackrock on behalf of investors and injunctive relief to shut down these consumer ripoffs.

https://redstate.com/smoosieq/2023/12/19/tennessee-ag-speaks-with-redstate-about-first-of-its-kind-esg-lawsuit-filed-against-blackrock-n2167709

https://bigleaguepolitics.com/state-of-tennessee-sues-management-group-blackrock-over-harmful-anti-growth-esg-policies/


Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published )
Enter Your Comment ( text only please )



Comments

( December 22nd, 2023 @ 8:50 am )
 
It was pointed out this morning on Henry Hinton's show that Blackrock is funding Nikki Haley's campaign for President. That is just another factor that makes her radioactive and TOTALLY UNACCEPTABLE. Blackrock is an extremely evil company, right at the center of Klaus Schwab's globalist totalitarian World Economic Forum. A Blackrock RINO is even worse than a woke Democrat. Hopefully, that will NOT be our choice next year. If so, I will vote Libertarian. NEVER HALEY.
( December 20th, 2023 @ 3:40 pm )
 
It is good to see some action being taken against this ESG scam and one of its biggest scammers, Blackrock. That company's far left CEO has an apt last name - Fink. He is very tight with the globalist network of the World Economic Forum and pushes client money into politically motivated "investments" through ESG. It is a totally rotten company.



A world without fossil fuels Rant & Rave, Editorials, Beaufort Observer, Op-Ed & Politics new NY Times poll: Trump leads Biden by 6 points among young voters


HbAD0

Latest Op-Ed & Politics

government's offer is rejected, the battle continues, no confidence vote in parliament

HbAD1

Understanding how parties work is important for making informed decisions regarding elected officials.
Tax Day is a week away, and the reports are in: North Carolinians are winning big with record-setting tax returns thanks to President Trump and Republicans' Working Families Tax Cuts.
“It is a trust fund, a piece of the American economy for every child that they will be able to take out when they are 18.”

HbAD2

farmers, truckers and supporters block roads, fuel deports, and ports to protest climate taxes on fuel
Sunrise Movement which focuses on climate alarmist is now engaged with illegal immigration
a typical lying Democrat, she told voters she was a moderate, and then went hard left
Change in schedule for executive committee meeting. Meeting Thursday April 9 is cancelled.
illegal alien "asylum seeker" migrants are a crime wave on both sides of the Atlantic

HbAD3

"We could very well end up having a friendly takeover of Cuba."
You can't make this up. If you turned this script into Hollywood, they'd say it's too on the nose.
"Alaska native" firms, most often in Virginia, were paid $45 billion in Pentagon contracts thanks to DEI law.
"Go that way and get down ... there has been a shooting ... there are people dead over here."
Former provost Chris Clemens has dropped his open meetings and public records lawsuit against the University of North Carolina at Chapel Hill.
How the Minnesota Senate race became a purity test for the far Left

HbAD4

 
 
Back to Top