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Gallagher: Financial Alliance for Climate Change at Risk as Banks look to Leave
October 19, 2022
Multiple U.S. banks including JP Morgan Chase, Bank of America and Morgan Stanley are reported to consider leaving the Glasgow Financial Alliance for Net Zero for fear breaching U.S. antitrust laws by taking guidance on investment decisions from a UN campaign.
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The National: ESG Experiencing Increased Trust Issues
October 12, 2022
Sergio Scandizzo and Chitro Majumdar writing in The National, highlight that the lack of definition, standards and approach has left a lack of trust from financial markets in Environmental, Social and Governance (ESG) investments.
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Paraskova in Oil Price: Republicans Withdraw $1 Billion From BlackRock Due To ESG Policies
October 12, 2022
Following Louisiana’s move to divest all treasury funds from BlackRock due to their Environmental, Social and Governance (ESG) investment policies, multiple Republican led U.S. states are following suit and withdrawing state funds from BlackRock’s management, totaling more than $1 billion.
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MIT Technology Review: The Chinese Surveillance State Proves the Idea of Privacy is Malleable
October 11, 2022
The authors of « Surveillance State », Wall Street Journal reporters Josh Chin and Liza Lin discuss how China has redefined the concept of privacy and how that affects the West and the future of surveillance tech.
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Louisiana withdraws $794 million from BlackRock Funds Over ESG Investing
October 10, 2022
Louisiana Treasurer John Schroder announced in a letter to BlackRock Chief Executive Officer Larry Fink that Louisiana is pulling $794 million from BlackRock Inc. funds, citing the Investment giant’s views on ESG investing are damaging to the state's energy industry.
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