Evansville, IN – According to the state officials, in May, Attorney General Rokita co-led a multistate motion to intervene in the Federal Energy Regulatory Commission’s (FERC’s) dealings with BlackRock, the world’s largest asset manager.
BlackRock has sought to force a radical climate agenda on American utility companies.
Following that action, a group of 11 U.S. senators has also demanded that FERC investigate BlackRock’s actions — and BlackRock’s CEO has begun backpedaling from the company’s past record.
This month, Attorney General Rokita and other attorneys general penned a letter to BlackRock Mutual Funds trustees warning them of potential deceptive and unfair acts and practices — and violations of state securities laws and state common law.
ESG investing seeks to impose an “environmental, social and governance” agenda that could not otherwise be implemented through the ballot box.
At least one of the 11 senators demanding the FERC investigation cited the17-state motion to intervene as inspiring the senators’ letter.
Previously, BlackRock has signed onto activist crusades such as Climate Action 100+ (CA100+) and the Net Zero Asset Managers (NZAM) initiatives — which seek to coordinate shareholder voting power across their membership to influence the operations of utilities.
