{"id":2132090,"date":"2023-12-22T20:34:02","date_gmt":"2023-12-23T01:34:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kerpen-lauds-tennessees-esg-suit-against-blackrock\/"},"modified":"2023-12-22T20:36:17","modified_gmt":"2023-12-23T01:36:17","slug":"kerpen-lauds-tennessees-esg-suit-against-blackrock","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kerpen-lauds-tennessees-esg-suit-against-blackrock\/","title":{"rendered":"Kerpen praises Tennessee&#8217;s ESG lawsuit on Blackrock"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fkerpen-lauds-tennessees-esg-suit-against-blackrock%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2132090&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>OAN&#8217;s Stephanie Myers<\/h2>\n<h3>3:30 PM &#8211; Friday, December 22,\u200d 2023<\/h3>\n<p>The president of\u2062 the \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tennessee-tech-professors-post-fliers-calling-colleague-turning-point-usa-adviser-racist\/\" title=\"Tennessee Tech Professors Post Fliers Calling Colleague, Turning Point USA Adviser \u2018Racist\u2019\">conservative activist group<\/a> \u2064American Commitment believes that\u200d the State of Tennessee&#8217;s anti-ESG lawsuit \u2062against Blackrock is a sign \u2064that the popularity of ESG \u200binvesting is starting to decline. \u2062Watch the video below for more details:<\/p>\n<figure class=\"wp-block-video\">\n<video autoplay controls loop src=\"https:\/\/d1cc0p6j4uj4n9.cloudfront.net\/ac388282-587f-4e8a-9465-295c49e9f1a9\/mp4\/45220df1-ce40-4a7a-b8a8-31043fc10abb_Mp4_Avc_Aac_16x9_1280x720p_30Hz_3.5Mbps_qvbr.mp4\"><\/video><br \/>\n<\/figure>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"><strong>Share this post!<\/strong><\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>The Supreme Court denies Jack Smith&#8217;s expedition request while \u200dJoe Biden attempts \u2062to boost his\u2064 poll numbers with marijuana. Find out \u200bmore:<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Many Republican leaders have expressed their opposition to \u2062the \u200cColorado State Supreme\u200c Court&#8217;s\u2062 ruling disqualifying former President Donald\u2064 Trump from the \u2063ballot. Read more:<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>The \u2064president of American Commitment highlights the decline \u200din popularity of \u200dthe\u200d ESG investing trend as the State of\u2062 Tennessee launches an anti-ESG lawsuit against Blackrock. \u2062Learn more:<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>All eyes are on\u200c the U.S.\u200b Supreme Court following the \u2063Colorado Supreme \u2063Court&#8217;s decision to disqualify former \u2063President Trump from the primary ballot based on\u200d the\u2064 Constitution&#8217;s \u200d14th Amendment insurrection clause. Get the \u2063details:<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>December \u206322, 2023 &#8211; 6:05 AM PST HONG KONG (Reuters) &#8211; Chinese regulators \u2063have announced a series of rules aimed at&#8230;\u200b <\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Tesla faces a challenge in producing the \u20624680 \u200cbatteries used\u2064 in \u2062the Cybertruck due to the speed of its new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/navy-vet-defends-beheading-satanic-statue\/\" title=\"Navy vet supports beheading Satanic statue\">dry-coating technology<\/a>. Find out more:<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>A group \u200dof\u2064 11 nonfiction authors have \u2063filed a lawsuit in Manhattan federal court accusing OpenAI and Microsoft of using their books improperly to train their\u200c models. \u2063Read\u200d the details:<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>San Francisco police Sergeant David\u2064 Radford has reached\u200c out to Tesla regarding alleged\u2064 remote access to a vehicle by a stalker.\u200d Learn \u2064more:<\/p>\n<\/div>\n<p> <\/p>\n<h2> \u200c What are the\u200b concerns raised by critics of ESG investing regarding \u2062the potential trade-off \u200cbetween environmental\/social goals and \u200cfinancial performance?<\/h2>\n<p><span>  The Growth of\u2064 ESG Investing is Facing a Setback: Thoughts from OAN&#8217;s Stephanie Myers<\/p>\n<p>In recent years, Environmental, Social, and Governance (ESG) investing has gained considerable popularity among\u2064 investors. The concept of investing in companies that align with one&#8217;s values\u200c and contribute to sustainable development has resonated\u2063 with individuals and institutions alike. However,\u200b a recent development in Tennessee is raising questions about \u2063the future \u200dof ESG investing.<\/p>\n<p>Stephanie\u2063 Myers, the president of the conservative activist group, American Commitment, believes \u200dthat the State of \u200cTennessee&#8217;s anti-ESG\u2064 lawsuit against BlackRock is a clear indication that the popularity of ESG investing\u200b is beginning to decline. Myers sheds light on this\u200c development in a recent video.<\/p>\n<p>The lawsuit, filed\u2064 by Tennessee, accuses BlackRock, the\u200c world&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tennessee-attorney-general-sues-blackrock-for-misleading-investors-about-esg-agenda\/\" title=\"TN AG sues BlackRock for deceiving investors on ESG agenda\">largest asset\u200b manager<\/a>, of \u2062prioritizing its own financial interests over fiduciary duty by \u2063investing in companies that promote ESG principles. The state argues that this\u200b approach harms pension funds and other\u200d investment vehicles by \u2063limiting their \u2063potential returns. <\/p>\n<p>Myers highlights\u2063 this legal action as a \u2063significant turning point for ESG investing.\u200c It suggests\u200d that the once-unstoppable momentum of ESG could be facing a formidable obstacle. While the Tennessee lawsuit is focused on one specific\u200d company, its implications could ripple throughout the\u200c industry and affect the future of \u2064ESG investing.<\/p>\n<p>There \u200bare concerns among critics of ESG investing that the prioritization of environmental\u200b and social goals might come at the\u200c expense\u2063 of financial performance and shareholder\u2062 value. They argue that resources could be misallocated to meet \u200bESG criteria, potentially leading to suboptimal returns. The lawsuit brought by Tennessee embodies these concerns by\u200d challenging the fiduciary\u200d duty aspect\u2062 of ESG investing.<\/p>\n<p>Proponents of ESG investing, on the other hand, argue that this approach not\u2064 only aligns with individuals&#8217; ethical\u200d values but also creates \u200blong-term financial value. They emphasize the importance of \u2064considering broader societal impacts and argue that\u2062 companies focusing on ESG factors may\u200c be better positioned to navigate future risks, such\u2063 as climate change or social unrest.<\/p>\n<p>While the outcome of the Tennessee lawsuit\u2062 remains uncertain, it emphasizes that ESG investing is no longer immune to legal challenges and scrutiny. \u200bIt serves as \u200da reminder that this space needs\u2062 to be carefully regulated and monitored to ensure investor protection and avoid potential conflicts of\u200d interest.<\/p>\n<p>As ESG investing \u200dgains traction globally, regulators, investors, and companies should come together to establish clear guidelines and standards. This would help address concerns\u2063 surrounding ESG investing and prevent any misuse or misinterpretation of its principles.<\/p>\n<p>The future of ESG investing remains \u200duncertain, but\u200d it is important to approach\u2063 these challenges with an open mind. Rather than \u200bdismissing or disregarding\u2063 ESG principles, this scrutiny can be an opportunity\u200d for improvement and\u200c refinement. ESG investing\u200c has the\u200d potential \u2064to\u200c reshape the\u200d financial industry by fostering responsible and\u200d sustainable practices. \u200dTo\u2063 achieve this, continuous dialogue and collaboration between all \u200cstakeholders are crucial.<\/p>\n<p>As we move into the future,\u2062 it\u200c is vital\u200c to strike a \u200dbalance between\u200d the\u200d financial goals of\u200b investors and the ethical \u2063considerations\u2062 embedded within ESG investing. Only through \u200dcareful \u2063regulation and\u200d thoughtful dialogue can\u200d we ensure that ESG investing remains a valid and impactful strategy for years to come.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OAN&#8217;s Stephanie Myers reports that the president of American Commitment believes Tennessee&#8217;s anti-ESG lawsuit against Blackrock reflects a decline in the popularity of ESG investing. One America&#8217;s John Hines provides more details. Supreme Court denies Jack&#8217;s request<\/p>\n","protected":false},"author":1753,"featured_media":2132091,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2132090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2132090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2132090"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2132090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2132091"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2132090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2132090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2132090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}