The Latest Breaking News from BlackRock

Big banks and investment firms have joined the ranks of companies making "net-zero" pledges. But their huge stakes in oil and gas projects are undermining their climate promises.

The office of Montana Gov. Greg Gianforte (R) released the following statement on January 18 announcing that Montana has joined several other states in prohibiting non-financial considerations, including considerations related to ESG, in the state’s investments:

As Ukraine attempts to secure more modern arms from its allies, it has stepped up a parallel effort to lock in financial support from business leaders in Davos to help rebuild the country.

Labour leader to meet bosses of Goldman Sachs, Morgan Stanley, JP Morgan and BlackRock

“It’s hard—because it’s not business anymore, they’re doing it in a personal way,” Fink said at the World Economic Forum in Davos.

In response to House Republicans’ plans to use their new majority to investigate the ESG movement, three Democratic senators penned an op-ed accusing their GOP colleagues of overstepping. The three senators—Sheldon Whitehouse (D-R.I.), Brian Schatz (D-Hawaii), and Martin Heinrich (D-N.M.)—also accused Republicans who oppose ESG of being anti-capitalist:

Under Brian Moynihan, the bank has increased the minimum wage, expanded parental leave, and avoided layoffs.

Employment website Glassdoor has put together its list of the top businesses in the country to work for this year

Kentucky State Treasurer Allison Ball (R) notified 11 banks that their ESG policies had harmed the state’s economy.

The ASX and Wall Street rally as investors hope that US inflation has cooled and will prompt the Fed to scale back its interest rate rises. Look back on the day's events and insights from our business reporters on the ABC News live markets blog.

On January 2, Kentucky State Treasurer Allison Ball (R) issued a statement notifying 11 banks that their ESG policies amounted to energy boycotts that harmed the state’s economy according to definitions passed into law last spring. The statement says the banks have 90 days to stop what Kentucky argues are…