Kidadl cannot accept liability for the execution of these ideas, and parental supervision is advised at all times, as safety is paramount. We recommend that these ideas are used as inspiration, that ideas are undertaken with appropriate adult supervision, and that each adult uses their own discretion and knowledge of their children to consider the safety and suitability. Our recommended activities are based on age but these are a guide. We recognise that not all activities and ideas are appropriate and suitable for all children and families or in all circumstances. Kidadl provides inspiration to entertain and educate your children. We will always aim to give you accurate information at the date of publication - however, information does change, so it’s important you do your own research, double-check and make the decision that is right for your family. We try our very best, but cannot guarantee perfection. We strive to recommend the very best things that are suggested by our community and are things we would do ourselves - our aim is to be the trusted friend to parents. The Washington Examiner asked BlackRock for comment.At Kidadl we pride ourselves on offering families original ideas to make the most of time spent together at home or out and about, wherever you are in the world. The restricted financial institutions are BlackRock, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo. On the grounds that they “boycott” fossil fuel companies. Institutions ineligible for state banking contracts They claimed BlackRock’s policies are undercutting shareholder profits in managing state pension funds.Īdditionally, West Virginia Treasurer Riley Moore’s (R) office was empowered by the state legislature to deem five financial To Fink challenging his firm’s commitment to ESG priorities. In August, 19 GOP attorneys general also sent a This isn’t the first time state officials have pushed back on BlackRock. “The seeds of today's energy crisis were planted by BlackRock and others in their reckless abandonment of their fiduciary duty to cozy up to radical, woke politicians." "BlackRock is using the people of Louisiana's money to advance a destructive agenda that raises costs for consumers in the state and across the country,” Hild said. Consumers’ Research, a conservative nonprofit organization, has been engaged in a monthslong multimillion-dollar campaign to criticize the firm and paint it and Fink as bad actors who embraceĬonsumers’ Research Executive Director Will Hild praised the move by Louisiana in a statement on Thursday following the news. Other groups have also placed public pressure on BlackRock over its investment strategies and ESG more generally. The firm claims that its policies are merely “focused on enhancing transparency." In his letter, Schroder argued that ESG investing runs afoul of the law on fiduciary duties, which requires a sole focus on financial returns for the beneficiaries of state funds.īlackRock has pushed back on the notion that it is trying to “boycott” the energy industry and has said that the states misunderstand BlackRock’s ESG policies.īlackRock has said that it asks companies to provide disclosures on material issues that affect their businesses so that investors can appraise risks, such as climate change, and make informed financial decisions. , saying the matter was becoming a “defining factor” in BlackRock’s assessment of companies.īut now, Republican-led states, particularly those with strong energy sectors, have objected to BlackRock and other firms promoting cleaner energy out of concern that investing with those firms runs antithetical to the interests of their states’ economies. In 2020, Fink used his annual must-read letter to CEOs to focus on BlackRock, the world’s largest money manager, and Fink have become strategic targets for GOP state treasurers and attorneys general as red states continue to target the growing ESG, or environmental, social, and governance, movement.īILLIONAIRE MONEY MANAGER LARRY FINK BECOMING TOP CONSERVATIVE ADVERSARYįink has used his influence running the world’s largest money manager, which has more than $10 trillion in assets under management, to push for ESG standards and has led theĪway from shareholder capitalism toward stakeholder capitalism - leading to increased Republican pushback.
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