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Letter to Blackrock - AG Coalition Objects to ESG Investments


Committee Implicated:

Business and Labor


The letter details the AGs’ concerns that the firm’s stated commitment to influencing the companies in which it invests to take action to combat climate change contradicts its goal of obtaining the best possible return on investment for state pensions and retirement plans.

Federalism Implications

One of the first legal actions by states in response, not to a regulator, but to business and the economic sector more broadly.

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