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BlackRock Uses ESG to Sidestep Democracy, Tennessee AG Says

The environmental, social, and governance movement is attempting an “end run around democracy” by forcing companies to adopt climate policies without passing any legislation, warns Tennessee Attorney General Jonathan Skrmetti.

While ESG “is not entirely bad as a concept,” Skrmetti, a Republican, warns that a “sort of hardcore behind-the-scenes approach to ESG” involves inserting “really radical environmental commitments into the DNA of every major corporation.”

“At the end of the day, the biggest problem with it is, it’s an end run around democracy,” he contends in a Monday interview with “The Daily Signal Podcast.”

Skrmetti joins the podcast to explain his first-in-the-nation lawsuit against BlackRock, alleging that the world’s largest exchange-traded fund provider violated the Tennessee Consumer Protection Act by misleading the public…

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