Tennessee sues Blackrock over ESG under consumer protection law

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Tennessee sues Blackrock over ESG under consumer protection law

Published: Tuesday, December 19th, 2023 @ 7:25 pm
By: John Steed ( More Entries )

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/

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Comments

Rino Hunter said:

( 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.

Concerned Taxpayer said:

( 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.

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