The paper examines the ramifications of the proposed rule to require a 30 percent reduction in greenhouse gas emissions from the electrical sector by 2030. Texas would be burdened far more than any other state, and compliance with the Clean Power Plan mandates would require extensive changes in Texas law, including a re-regulation of Texas’ competitive electrical market.
The end of ESG? BlackRock admits adverse effects in SEC filing
BlackRock’s penchant for ESG is already coming back to bite it in the behind. In its annual filing with the Securities and Exchange Commission, the financial behemoth openly admitted its ESG activism poses a serious risk to its business. In the company’s words, the House of Cards could tumble “if BlackRock is not able to successfully manage...