Investment Giant Vanguard Pulls Out of ‘Net-Zero’ ESG Initiative

True Pundit December 12, 2022

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Vanguard is pulling out of a major investment-industry initiative on tackling climate change in order to show that it acts independently and to provide clarity on its views to investors, the world’s top mutual fund manager said on Wednesday.

Top investors, such as Pennsylvania-based Vanguard, have faced growing pressure from Republican U.S. politicians over their use of environmental, social, and governance (ESG) factors in picking and managing securities.

The effort, known as the Net Zero Asset Managers (NZAM) initiative, was launched in late 2020 to encourage fund firms to reach net zero emission targets by 2050 and limit the rise in global temperatures. As of Nov. 9, NZAM counted 291 signatories representing some $66 trillion in assets under management.

Vanguard had $7.1 trillion under management as of Oct. 31.- READ MORE

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Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

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Mike August 2, 2025

Hot Wire — Back to the Future (2008-09) (2020-21) & How to Beat The Man Thru 2035

************* Let’s do an exercise I’m a middle class American. where can I expect to be in 10 years. provide a year by year breakdown what will happen to my assets. I have 400,000 in the bank As a middle-class American with $400,000 in the bank, your position in 10 years (by 2035) will largely…

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Mike September 25, 2025

(PREMIUM) PAINE IN THE MORNING: What you need to know this Monday – December 12, 2022

Here’s what you need to know today, Monday – December 12, 2022. Season’s Beatings: L.A. City Council Democrat Kevin de León in Fight at Holiday Party – Los Angeles City Council member Kevin de León, formerly the president pro tempore of the California State Senate, engaged in fisticuffs with an activist at a holiday party Friday,…

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True Pundit December 12, 2022

(FREE) PAINE IN THE MORNING: What you need to know this Monday – December 12, 2022

Here’s what you need to know today, Monday – December 12, 2022. There is also a full, ad-free video podcast of this broadcast available…

True Pundit December 12, 2022

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(PREMIUM) PAINE IN THE MORNING: What you need to know this Thursday – November 10, 2022

Here’s what you need to know today, Thursday – November 10, 2022. Mehmet Oz calls John Fetterman to officially concede Pennsylvania Senate race –Republican Dr. Mehmet Oz has called Democrat John Fetterman to concede the Pennsylvania Senate race, Fox News has learned. The Fox News Decision Desk called the race for Fetterman early Wednesday…

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True Pundit November 10, 2022

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