Tree Hugging or Greenwashing? BlackRock’s in ESG Hot Seat Either Way

Tree Hugging or Greenwashing? BlackRock’s in ESG Hot Seat Either Way

You can’t please everybody. And with ESG efforts, BlackRock is finding it increasingly difficult to please anybody. The world’s largest asset manager is caught in the crossfire between critics who say it’s pushing environmental, social and governance initiatives too aggressively and those who insist it’s not doing nearly enough. On one side, Sen. Ted Cruz last week reintroduced the Stop TSP ESG Act, aimed at preventing managers of federal employ…