A handful of state financial officers who have criticized environmental, social and governance investing own stakes in the fossil fuel industry, according to their financial disclosures.
The investments could pose conflicts of interest, as those oil and gas companies could suffer from wider adoption of clean energy, according to ethics experts.
Republicans have increasingly criticized ESG investing platforms and pulled state funds away from BlackRock and other firms that have adopted them. In October, Scott Fitzpatrick, then-treasurer of Missouri, announced his state would pull $500 million out of pension funds managed by BlackRock. He said he […]
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