State leaders targeting climate investing have quiet stakes in the fossil fuel industry
Publishing timestamp: 2023-04-24 14:50:38
Summary
Several state financial officers who have criticized environmental, social, and governance (ESG) investing own stakes in the fossil fuel industry, which could pose conflicts of interest. Republicans have increasingly criticized ESG investing platforms and pulled state funds away from firms that have adopted them. Some of these state officials have received campaign donations from fossil fuel companies or their executives. The lack of state laws requiring regular stock disclosures makes it difficult for the public to monitor what personal stake their representatives could have in actions they take in office.
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Tickers: COP, XOM, BLK, VLO, DVN,
Keywords: blackrock inc, texas, politics, conocophillips, government and politics, missouri, government pensions and social security, political ethics, pollution, esg investing, business, george w. bush, exxon mobil corp, valero energy corp, environment, florida, joe biden, business news, oil and gas, devon energy corp,
Source: https://www.cnbc.com/2023/04/24/state-leaders-taking-on-climate-saw-boost-from-fossil-fuel-.html