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...In 2022, West Virginia led the way when it barred five financial firms, including JPMorgan, BlackRock and Goldman, from new state business, saying they were “boycotting” the fossil fuel industry....
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...The outflows started in 2022 after West Virginia state treasurer Riley Moore included BlackRock on the nation’s first list of financial firms deemed to boycott fossil fuel companies....
...return receive a set management fee....
...“We strongly believe that ISS reached the wrong conclusion in its recent report when it comes to adding Nelson Peltz to the board,” said Mark Parker, chair of Disney’s board....
...In 2020, activist investor Jeff Ubben joined the company’s board....
...Last year, Ubben was already appointed to an independent, external group of experts advising Bayer’s management on sustainability — a body he will leave after he formally joined the supervisory board, according...
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...East-west migration helped to fuel nationalist parties, too, in some western EU states. It was a factor in Brexit, robbing the EU of a heavyweight member....
...Norges Bank Investment Management and Legal & General, Apple’s eighth and 10th-largest shareholders respectively, have said they will support a resolution at the iPhone maker’s annual shareholder meeting...
...“ESG efforts have targeted Texas’ oil and gas economy,” said Aaron Kinsey, chair of the state board of education....
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...The State of Wisconsin Investment Board said current target leverage approved at its December 2023 board meeting is 12 per cent....
...Blackstone already part owns Hipgnosis Song Management (HSM), the manager and investment adviser of Hipgnosis Songs Fund (HSF), although its new offer is separate to that holding....
...Republican states reliant on the fossil fuel industry, including West Virginia and Oklahoma, have banned some asset managers from doing business with them, based on accusations of boycotting fossil fuels...
...“We’ve seen many listed companies sell high-emitting assets to the private side where in general the scrutiny is lower,” said Udo Riese, head of risk and monitoring at Allianz Investment Management and another...
...Management, told the FT’s David Oakley....
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...Additional reporting by Patrick Temple-West in New York...
...Shareholders are also feeling threatened not just by corporate management but also by government politicians....
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