Heartland Blog

David Keto, SRI Group In a sign that responsible investment is having a real impact, articles recently appearing in Bloomberg, New York Times, Washington Post, and other outlets reported on a concerted effort by Republicans and their business backers to politicize investing guided by environmental, social, and governance (ESG) considerations. For example, states with strong fossil fuel industries are taking action to deny business to asset managers and advisors that apply ESG

Stephen Parsley/Justin A. Miller: natlawreview.com/ May 5, 2022 West Virginia recently became the second state to enact financial regulations designed to ward off efforts to deny fossil fuel companies access to banking services – but it looks like it may not be the last. On March 30, 2022, West Virginia Senate Bill 62 became law, requiring that all branches of state government cease doing business with any bank or investment firm engaged in a “boycott” of fossil fuel companie

Peter Krull: Forbes.com Several state legislatures have recently begun punishing investment companies that take environmental, social, and governance (ESG) data into consideration when making investment decisions. Elon Musk tweeted, “ESG is a scam. It has been weaponized by phony social justice warriors.” In an opinion piece in The Wall Street Journal, former Vice President Mike Pence says that investing using ESG principles is politically driven and is part of a plan by the

Legislators and their allies are running an aggressive campaign that uses public money and the law to pressure businesses they say are pushing “woke” causes. David Gelles and Hiroko Tabuchi:nytimes.com May 27, 2022 In West Virginia, the state treasurer has pulled money from BlackRock, the world’s largest asset manager, because the Wall Street firm has flagged climate change as an economic risk. In Texas, a new law bars the state’s retirement and investment funds from doing bu

Click on the video below to learn more about HIT's investment in Welch, WV

Kristen Estell, Heartland Capital Strategies What if I told you that this session's Labor Capital Strategies Fellows were the most prestigious, talented, and sought after young people since we began the program? You might remind me that I said the same thing for our last Fellows--which is true. But it turns out the LCS Fellowship is growing and attracting more and better applicants with every session. This is in no small part due to the high caliber of our Hosts and our long-