13 States Seek to Block Vanguard from Buying Electric Utility Stocks

Is Vanguard the next BlackRock--i.e, a pariah due to its extreme anti-fossil energy positions? YES. The Attorneys General from 13 states, including Ohio and West Virginia, have filed a protest with the Federal Energy Regulatory Commission (FERC) seeking to block Vanguard, a MAJOR investor (with $7.2 trillion of assets under management, second largest after BlackRock with $10 trillion) from buying stocks in electric utility companies. Why? Because Vanguard, like BlackRock, is trying to force the companies it invests in to abandon the use of fossil energy. If you own Vanguard investments--it's time to dump them. Let's hit them where it counts--in the pocketbook.

---

To view this content, log into your member account. (Not a member? Join Today!)