A conservative group known for targeting "woke capitalism" has launched a multimillion-dollar campaign attacking BlackRock and its CEO Larry Fink for "weaponizing" retirement funds with its push for more ESG investments, which promote environmental, social and governance responsibility.
Why it matters: The campaign by Consumers' Research aligns with the posture of a growing faction of the GOP. House Republicans plan to make an assault on ESG a central part of their legislative and investigative agenda if they take back the majority in November's midterms.
