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BlackRock Leaves Major Climate Group Amid Wall Street Exodus

Jan 10 2025 // BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming.The money manager has decided to leave the Net...

BlackRock Gets Legal Warning Over ESG Funds From Mississippi

Mar 28 2024 // BlackRock Inc. faces the prospect of being barred from offering securities in Mississippi after state officials accused the investment firm of making “fraudulent” statements regarding its climate strategy.This...

JPMorgan, State Street Quit Climate Group, BlackRock Steps Back

Feb 16 2024 // JPMorgan Chase’s and State Street’s investment arms on Thursday both quit a global investor coalition pushing companies to rein in climate-damaging emissions, while BlackRock said it has transferred its...

Tennessee Officials Sue BlackRock for ‘Misleading’ ESG Strategy

Dec 27 2023 // (Bloomberg) — The state of Tennessee sued BlackRock Inc. for allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.State Attorney General...

BlackRock Agrees to $300M Loan for Root Insurance

Jan 27 2022 // Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300 million term loan from BlackRock Financial Management.The five-year loan will carry an...

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