Our Legendary Editor Robert Bartley used to joke that it takes at least 65 editorials on a topic to really have an impact. We know what he meant after working in the vineyards for those many years to draw attention in editorials to politicized investing that travels under the bland ESG, environmental, social and governance label.
Recent events show that the backlash against ESG investing has finally arrived. Nearby, the Arizona Attorney General Marc Brnovitch explains how he and 18 other state AGs are seeking answers from the investment giant black rock on his political agenda. BlackRock, a titan of passive investment funds, has been a leader in impressing ESG standards on the companies it invests in.