GulfSlope Energy Inc (GSPE)

[smith199]

BlackRock, the largest asset manager in the world, said it will likely vote to support fewer climate proposals from companies in its investment portfolio in 2022 than it did in 2021.

https://www.cnbc.com/2022/05/11/blackrock-to-vote-for-fewer-climate-provisions-in-2022-than-2021.html

I see this as a positive development. It might mean the management of the large institutional asset managers, such as BlackRock or Vanguard, are beginning to realize that the ESG investing guidelines, supported by the Biden administration to limit investment in oil and gas projects, can have a profound negative impact on the investment earnings of their customers and clients. That could lead to lawsuits regarding loss of income and mismanagement of assets.



Mrs. Smith