Reports this week are that BlackRock will be laying off 600 employees in its ESG and sustainability departments as part of its at-least-nominal retrenchment away from kneejerk support for an agenda that was sold as non-partisan “doing well [in the funds] by doing good [for the world],” but in practice meant forcing American corporations to adopt policies that mirrored fairly comprehensively the Biden Administration’s “whole of government” initiatives and Barack Obama’s desktop to-do list.
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