Paul Fitzpatrick explained how asset managers are using state pension funds to advance 'racial equity audits' and green energy schemes.
ESG has become the latest vector through which Wall Street asset managers such as BlackRock, Vanguard, State Street, and others push companies to adopt leftist policies they otherwise would not back. Asset managers often push companies to adopt anti-climate change policies, diversity requirements, and other policies advocating for racial justice.
He wrote, “One resolution for shareholders of Walmart would have forced the company to ‘report evaluating any risks and costs to the company associated with new laws and legislation severely restricting reproductive rights.’ Another required Comcast to align its retirement plan options with climate goals.”
However, he explained that many states have advanced legislation that would fight back against the manipulation of state pension funds to advance leftist causes:
Norge Siste Nytt, Norge Overskrifter
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