The agreement dismisses the state’s 2023 lawsuit and does not find that the investment firm violated any laws. “We’re pleased to resolve this matter,” a BlackRock spokesperson said.

The collapse of net zero alliances among investment firms and banks represents the third pillar of the progressive left to ...

Any corporation or company using BlackRock to manage their pension plans is now effectively aware that BlackRock has acted with a dual motive in the past and is still publicly committed to doing the ...

The notorious Reed O’Connor is back with another one of his patented-troll decisions, this time threatening to upend the ...

BlackRock is the first major asset manager to leave NZAM since Vanguard did a couple of years ago, with Climate Action 100+ so far having taken the brunt of the US finance exodus from climate groups.

A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully ...

A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its ...

The United Nations-backed Net-Zero Asset Managers initiative has pulled its signatories page and won’t assess their ...

On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee ...

Explore why major financial firms like BlackRock are retreating from climate commitments amid ESG backlash and political ...

And while the plaintiffs pointed to the Texas legislature’s recent divestiture from BlackRock over its ESG policies ... And the court agreed last week to review the lower court rulings in ...

The announcement comes on the heels of BlackRock ’s Jan. 9 letter to clients saying that it would be leaving the initiative.