BlackRock: Nonprofit Allies
Depending on your appetite for cynicism, greenwashing is either the mortal enemy or the duplicitous ally of the environmental, social, and corporate governance (ESG) movement. ESG was created by activists…
Ceres
BlackRock: Policy or Posturing?
In May 2021, with BlackRock's support Engine No. 1, a tiny hedge fund few had then heard of, won three seats on the 12-member board of Exxon. These new board…
BlackRock: Drill, Baby, Drill!
In July 2022, BlackRock reported "a sharp drop in its support for environmental and social-related shareholder resolutions." Context is important. That same month BlackRock announced that it had lost $1.7…
Ceres Inc.: The ESG Old Guard
In 1989, decades before the abbreviation “ESG” was in common media usage, the nonprofit Ceres Inc. was founded to promote left-leaning climate and economic governance at major investment firms and…
Record Number of ESG Shareholder Resolutions in 2022
According to the recently released Proxy Preview 2022 report, a record number of environmental, social, and governance (ESG) shareholder proposals have been filed with publicly traded companies in 2022, predominately…
Nonprofits in the Biden Administration: Special Interest and Advocacy Groups
Many of those serving in the Biden administration have previously worked for left-leaning special interest and advocacy groups. The influence of these organizations, which strive to shape public policy along…