Consumers’ Research, a consumer advocacy nonprofit, is warning Fortune 500 companies that the recent ruling against American American airlines over its environment, social and governance (ESG) policies could leave them legally vulnerable.
American Airlines pilot Bryan Spence filed the lawsuit in 2023 in the Federal District Court of Northern Texas, ESG Dive reported, alleging that the airline, by failing to monitor the proxy voting of its investment managers which included BlackRock, violated its fiduciary duties to prudence. The lawsuit also claimed that the company’s ESG goals created a conflict of interest when these goals were combined with considerations made by BlackRock and others. BlackRock is the world’s largest asset manager, with more than $10 trillion in assets under management as of Q1 2024.
Judge Reed O’Connor ruled that the airline fulfilled its duty of prudence, but American Airlines “breached their fiduciary duty by failing to loyally act solely in the retirement plan’s best financial interests by allowing their corporate interests, as well as BlackRock’s ESG interests, to influence management of the plan.”
Warning letters
Consumers’ Research sent letters to all Fortune 500 companies warning them that the ruling could expose them to “significant and future liability.”
“Any corporation or company using BlackRock to manage their pension plans is now effectively aware that BlackRock has acted with a dual motive in the past and is still publicly committed to doing the same moving forward…We highly recommend that your company strenuously review its relationship with BlackRock and whether continuing with them as a retirement plan manager is worth the colossal risks to your companies and yourselves,” the letter states. […]
— Read More: justthenews.com
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
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