Cohen’s Environmental Investing Faces Legal Scrutiny

Tennessee Attorney General Sues BlackRock Over Conflicting Statements on Investment Returns and Environmental Concerns

In a groundbreaking move, Tennessee Attorney General Jonathan Skrmetti has filed a lawsuit against investment firm BlackRock, accusing the company of making conflicting statements on investment returns and showing “special consideration to environmental concerns.” The lawsuit, which was filed on December 18, alleges that BlackRock’s environmental, social, and governance (ESG) investment strategies violate the state’s consumer protection laws. Skrmetti aims to ensure that corporations, regardless of their size, treat Tennessee consumers fairly and honestly.