Mississippi Accuses BlackRock of ESG Fraud, Threatens Fine Over Allegations of Greenwashing

• Mississippi issues cease and desist order to BlackRock, alleges fraud over ESG policies • Claims BlackRock misled investors about commitment to ESG in non-ESG funds • Points to BlackRock's climate initiatives like Net Zero Asset Managers • Says BlackRock made false statements about not incorporating ESG in some funds • Threatens a potential multimillion-dollar fine against the asset manager