As conservative states push back against the progressive agenda of Wall Street banks and asset managers, some analysts are warning that “anti-ESG” states will pay a price for taking on Wall Street and the ESG industry.
North Carolina State Treasurer Dale Folwell has enacted several measures, including calling on Larry Fink, CEO of BlackRock, the world’s largest asset manager, to resign over what Folwell says is the company’s excessive focus on controversial political causes.
“Why am I spending time on this drama when all I hired this person to do was manage and make us money?” Folwell said. He told The Epoch Times that North Carolina is both a client of BlackRock, having hired them as an investment manager, and a shareholder, owning $55 million of BlackRock shares….