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    Michael Hiltzik: The GOP's war on green investing is bad for the climate — and investors

    That was quite the bill of particulars that Mark Brnovich and Doug Peterson laid against BlackRock, the world's largest money management firm, back in August. BlackRock stood accused of subverting the financial interests of its clients, even sacrificing pensioners' retirements to pursue its own agenda. The giant firm was engaged in "squelching political speech" and acting to "penalize" ...
    by Michael Hiltzik, Los Angeles Times Dec 09, 2022 5 minutes
    Ron DeSantis, a critic of environmentally sensitive investing, didn’ t succeed in protecting his constituents from the ravages of Hurricane Ian, which may have been intensified by global warming.

    That was quite the bill of particulars that Mark Brnovich and Doug Peterson laid against BlackRock, the world's largest money management firm, back in August.

    BlackRock stood accused of subverting the financial interests of its clients, even sacrificing pensioners' retirements to pursue its own agenda. The giant firm was engaged in "squelching political speech" and acting to "penalize" corporate managements that bucked its preferences.

    The accusations needed to be taken seriously, if only because Brnovich and Peterson are the attorneys general of Arizona and Nebraska, respectively, and their complaints were endorsed by their counterparts in 17 other red states.

    Their case was rather more specific than it might have seemed on the surface. The agenda that BlackRock was accused of pursuing was a fight against global warming, which the investment firm has cited, properly, as a

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