Anonymous ID: 69bb21 March 9, 2023, 4:10 a.m. No.18473023   🗄️.is 🔗kun

By Natalia Mittelstadt

Updated: March 8, 2023 - 11:22pm

Three of the five top shareholders in Norfolk Southern — the freight rail carrier under the spotlight for its saftey and environmental record following last month's toxic train derailment in East Palestine, Ohio — have been aligned with the eco-conscious, socially aware ESG (environmental, social, governance) investing framework embraced by many leading financial firms in recent years.

Asset management firms BlackRock Fund Advisors, JPMorgan Investment Management, and The Vanguard Group were all part of the Net Zero Asset Managers initiative, a coalition of ESG-minded money managers committed to channeling investment capital to firms working toward the goal of net-zero greenhouse gas emissions by 2050, as outlined in the Paris Climate Accord.

BlackRock, the world's number one asset manager with more than $10 billion under management and a leading proponent of ESG investing, has come under sustained fire from Republicans over so-called "woke" capitalism in connection with its ESG practices.

Vanguard withdrew from NZAM in December, with CEO Tim Buckley citing in part the firm's fiduciary responsibility to optimize returns for its clients, although it still offers ESG investments.

 

https://justthenews.com/politics-policy/transportation/inside-norfolk-southern-railway-long-derailment-history-pro