Republican AGs challenge BlackRock's ESG investments in utilities

Republican attorneys general from 17 states filed a motion with the Federal Energy Regulatory Commission (FERC) to block BlackRock from imposing its environmental, social and governmental (ESG) policies on utility companies. BlackRock is a signatory to the Climate Action 100+ and the Net Zero Asset Managers initiatives that seek to use the shareholder voting power of members to influence how utilities operate by reducing reliance on fossil fuels and cutting emissions linked to climate change. The attorneys general argue that BlackRock's ESG priorities could raise utility bills for regular Americans and diminish the value of their investment accounts.