BlackRock Letter to CEOs Shows Politics Takes Priority Over Bettering Human Lives

BlackRock Letter to CEOs Shows Politics Takes Priority Over Bettering Human Lives
BlackRock CEO Larry Fink attends a session at the World Economic Forum annual meeting in Davos on Jan. 23, 2020. Fabrice Coffrini/AFP via Getty Images
Jason Isaac
Updated:
Commentary

With increasing attention being paid to the negative consequences of so-called environmental, social, and governance (ESG) investing—which means selecting clients’ investments based on political rather than financial criteria—many hoped BlackRock’s annual letter to CEOs would signal a shift away from activism and back toward fiduciary responsibility.

Jason Isaac
Jason Isaac
Author
The Honorable Jason Isaac is director of Life:Powered, a national initiative of the Texas Public Policy Foundation to raise America’s energy IQ. He previously served four terms in the Texas House of Representatives.
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