In late January, the CEO of the pro-business American Legislative Exchange Council told right-wing operatives and officials that they need a “scalp” from one of two supposedly woke CEOs of major Wall Street firms. Lisa Nelson, who leads ALEC, was discussing Larry Fink of BlackRock, the world’s largest asset manager, …
Read More »How Texas Bullied Big Banks Into Dropping Their Climate Commitments
Speaking to a private gathering of conservative operatives and fossil fuel advocates in January, a top deputy to Texas Attorney General Ken Paxton gave “the inside story” about how his office bullied Wells Fargo, one of America’s biggest banks, into dropping out of a global initiative to reduce carbon emissions. …
Read More »Watchdog Calls for Pay-to-Play Probe Into Right-Wing Group
A watchdog is calling on the Biden administration to investigate whether donations to an organization representing Republican state financial officers have violated the Securities and Exchange Commission’s landmark pay-to-play rule. The State Financial Officers Foundation (SFOF) — whose members include GOP state treasurers, auditors, and controllers — has led a …
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