America First Legal posits that Progressive's grant program infringes upon U.S. Civil Rights law, as it "discriminates against non-black owned businesses."
BlackRock "is potentially violating U.S. antitrust law by entering into agreements to ‘decarbonize’ its assets under management and reduce emissions to net zero," the congressmen write.
The hearing concluded that ESG measures are harming the ability of businesses to provide financial returns, leading to negative impacts on retirees and pensions.
The controversy intensified as social media users began sharing more from Kohl’s pride collection, including a “Baby Sonoma Community Pride Bodysuit set” specifically tailored for 3-month, 6-month, and 9-month-old infants.
The company's shares have dropped by 9.21% on the New York Stock Exchange (NYSE) since last month, following controversy regarding their so-called "Pride Month" collection which includes merchandise related to the LGBTQ+ community.