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American Airlines, ESG
Airline ESG Ruling Imperils Work of BlackRock, 401(k) Managers
A Texas federal judge has targeted “cartel-like” 401(k) investment managers in a ruling against American Airlines Group Inc. that could put nearly every plan in the country at risk of a fiduciary mismanagement lawsuit.
Judge finds American Airlines liable in ESG investing case
The judge’s ruling in the not-yet-completed case is likely to inject fresh fuel into the roiling political debate around environmental, social and governance goals.
American Airlines ESG investing strategy violated federal law, judge rules
A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully incorporated environmental and sustainable governance (ESG) factors into its employee retirement plan.
Texas Judge Rules American Airlines Breached Duty in Retirement Plan Investments
A federal judge in Texas has ruled that American Airlines violated federal law by prioritizing environmental, social, and governance (ESG) factors over financial interests in its 401(k) retirement plan.
1h
BlackRock is trying to avoid the hot seat as GOP takes power
The world’s biggest money manager is trying to avoid some political headaches as Donald Trump and the GOP take over all of ...
The American Spectator
9h
BlackRock and American Airlines: Is Larry Fink the New Sam Bankman-Fried?
A federal case out of Texas decided on Friday, could be the first step in a long and painful march for institutional capital ...
IJR
23h
DAVID BLACKMON: ESG Is Collapsing And Net Zero Is Going With It
As the foundations of the ESG movement collapse, so are some of the institutions that sprang up around it. The United Nations ...
4d
on MSN
BlackRock Withdraws From Climate Coalition, Backpedaling Again on ESG
BlackRock is pulling out of a United Nations-sponsored climate initiative, a remarkable U-turn for a company that was once a ...
6d
on MSN
BlackRock may exit woke business climate group Net Zero Alliance as backlash over ESG investing widens
Larry Fink had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon ...
14h
Exclusive: Investor climate group suspends activities after BlackRock exit
A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its ...
Benefits Pro
3d
BlackRock quits Net Zero climate group, after ongoing pushback against ESG investing
The world’s largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero ...
2d
on MSN
BlackRock quits ‘Net Zero’ initiative at perfect time as woke policies contribute to devastating LA fires
It literally exited a weird, self-serving and futile environmental virtue signaling coalition of companies, sponsored by the ...
4d
BlackRock quits climate group as Wall Street lowers environmental profile
BlackRock , the world's biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers Initiative, the ...
Pensions&Investments
18h
Net Zero Asset Managers initiative to suspend activities in wake of BlackRock departure
The announcement comes on the heels of BlackRock ’s Jan. 9 letter to clients saying that it would be leaving the initiative.
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