Indiana’s Pushback Against BlackRock’s ESG Investing Scheme
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On Thursday, Indiana Secretary of State Diego Morales issued a Cease and Desist Order against BlackRock, an investing giant known to make investment decisions based on political agendas instead of what’s financially best for customers.
Secretary Morales is the latest to join efforts across the country to protect consumers and combat harmful environmental, social, and governance (ESG) investing practices at BlackRock, Inc., the largest asset management company in the world.
As the ESG movement infiltrates corporations and threatens Americans’ finances, it’s more important than ever for states to ensure that asset managers are following through with their fiduciary responsibilities.
Indiana follows Mississippi’s lead in taking action to combat the threat of ESG. State lawmakers, with the backing of Heritage Action’s grassroots army across the country, have delivered major legislative wins against ESG in more than 15 states so far, including Texas, South Carolina, Georgia, Kansas, Florida, and Kentucky.
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