Connect with us

Published

2 years ago

on

Climate activists with Stop the Money Pipeline hold a rally in New York City to urge companies to end their support for the proposed Line 3 pipeline project and stop funding fossil fuels and forest destruction, April 17, 2021.

Erik McGregor | LightRocket | Getty Images

In October, Scott Fitzpatrick, then-treasurer of Missouri, announced his state would pull $500 million out of pension funds managed by BlackRock.

He said he would move Missouri’s money away from the asset manager because it was “prioritizing” environmental, social and governance investing over shareholder returns. Fitzpatrick, a Republican who won election as the state’s auditor in November, used his office as treasurer to target BlackRock after years of criticizing Wall Street for a perceived turn toward investing focused on climate and social issues.

As he homed in on BlackRock, Fitzpatrick quietly held a financial stake in a massive fossil fuel company that could suffer from the broader adoption of alternative energy. Fitzpatrick and his wife owned a more than $10,000 stake in Chevron during both of 2022 and 2021, according to his latest financial disclosures filed with the state.

Fitzpatrick is among a group of powerful Republican state leaders who have waged similar fights against environmentally conscious investing as they held personal investments in, or saw political support from, the fossil fuel industry.

A handful of state financial officers who have similarly attacked ESG practices owned stock or bonds in oil, gas or other fossil fuel companies in recent years, according to the latest state financial disclosure reports reviewed by CNBC. Some of the state officials have received campaign donations from fossil fuel companies or their executives.

State leaders face possible conflicts of interest when they have a chance to see financial gains from the fossil fuel industry as they use their offices to defend the sector — or in some cases move their state’s dollars away from clean-energy investments, government ethics experts told CNBC. As the officials ramp up their criticism of Wall Street investment practices, a lack of state laws requiring regular stock disclosures makes it difficult for the public to monitor what personal stake their representatives could have in the actions they take in office.

Brandon Alexander, the chief of staff to the Missouri auditor’s office, told CNBC in an emailed statement that Fitzpatrick’s publicly traded securities are either in a trust or qualified retirement accounts that are managed by a financial advisor.

“Other than employer sponsored retirement accounts (the entirety of which are invested in target date funds over which he has no control), all of Auditor Fitzpatrick’s publicly traded securities, are held in a trust or in qualified retirement accounts which are actively managed by a financial advisor to whom he gives no direction,” Alexander said. “He has never ‘had private briefings tied back to the fossil fuel industry’ nor does he personally direct or execute trades himself. Auditor Fitzpatrick stands by his criticism of the ESG movement, especially as it relates to the application of ESG standards in the management of public funds.”

Unlike members of Congress, state financial officers in many cases only have to disclose their stock ownership once a year. In some states, they do not have to divulge their investments at all. In contrast with federal lawmakers, they also do not have to file regular records disclosing their new trades.

None of the officials mentioned in this story engaged in illegal conduct. But the fact that they have investments that could be helped by their high-profile campaigns against ESG investing may create trust issues with the people they represent, says ethics experts.

“This is a problem that we have elected officials at the federal and state level that are simply not willing to avoid personal financial conflicts of interest,” Richard Painter, who was the chief White House ethics lawyer in the George W. Bush administration, told CNBC in an interview. “You could have someone own stock in a company and pursue policy that could benefit that company. What’s good for Exxon Mobil’s stock is not necessarily good for America.”

Painter said that owning such stock is not illegal for state based leaders. Congressional lawmakers are also allowed to own stock but the 2012 STOCK Act disallows members of Congress to use non-public information to gain a profit and prohibits insider trading.

Another government ethics expert also cited an appearance of conflict as an issue for public officials.

“If an official has a financial interest in a company or an industry, it is reasonable to question whether that interest impacts how they approach their government work,” Donald Sherman, a senior vice president and chief counsel for watchdog group Citizens for Responsibility and Ethics in Washington, told CNBC in an interview.

The fight against ESG investment standards has become a core issue for some Republicans at the federal and state level. Many of those officials have used their positions to target companies they believe are too politically active or, in some cases, are hurting certain industries, such as fossil fuels.

In the case of state financial officers, they have the power to shift public assets or pension funds away from certain firms and to other institutions.

Vocal ESG critics have fossil fuel ties

Georgia’s state treasurer, Steve McCoy, was appointed by Republican Gov. Brian Kemp in 2020. He was among state financial officers, including Fitzpatrick in Missouri, who last year co-signed a letter to President Joe Biden opposing policies that promote ESG. The Biden administration has promoted environmentally conscious investing, and the president used his first veto on a measure that would have shot down a Labor Department rule that promoted ESG policies.

The letter said the state officials “believe the White House should be spearheading a call to invest in American energy instead of pursuing ESG initiatives that divide American energy businesses and discourage investment in these reliable energy industries.” The group went on to say that “freedom is the key to addressing climate change. The depth and breadth of American innovation is unparalleled globally, including the development of green technologies. However, oil, gas, coal, and nuclear are currently the most reliable and plentiful baseload power sources for America and much of the rest of the world.”

McCoy is one of the state financial officers who held an investment in fossil fuels. He had a stake in the industry as recently as 2020 — though changes in disclosure rules mean he has not had to disclose his assets more recently.

McCoy disclosed in 2020 that he owns bonds in fracking company Halliburton and a stake in the U.S. Oil Fund, an ETF that tracks the benchmark price of U.S. crude oil. The disclosure says that these stakes are either “more than 5 percent of the total interests in such business or investment, or [have] a net fair market value of more than $5,000.”

The 2020 disclosure was the last time McCoy filed a document showing his investments. Some states, including Georgia, do not require officials who hold key state positions to file full disclosure forms, and require those leaders to publish only a one-page affidavit, according to Haley Barrett, a spokeswoman for Georgia’s Government Transparency and Campaign Finance Commission.

Two of McCoy’s affidavits filed with the state say virtually nothing about his business dealings and stock holdings. McCoy’s most recent affidavit, from 2022, shows his titles as treasurer and as a member of a variety of boards, including the state Depository Board.

McCoy also had to sign a statement to confirm that he has taken “I have taken no official action as a public officer in the previous calendar year which had a material effect on my private, financial or business interests.” That affidavit and a 2021 version of the document does not say whether McCoy currently owns any stocks in the fossil fuel industry.

When asked about what the state ethics commission does to verify if those signed statements are accurate, Barrett said in an email that “once these documents have been filed with our office and reviewed, there is an opportunity to determine if there are any discrepancies in the filings. Investigations can be initiated internally through our office or by a third party complaint.”

McCoy and his office did not return requests for comment.

McCoy is far from the only ESG critic who has a financial or political interest in fossil fuel companies.

Texas’ state comptroller, Glenn Hegar, argued in letters to money managers last year that he believes firms such as BlackRock, HSBC and UBS are boycotting the energy industry, saying in a statement at the time that he believes “environmental crusaders” have created a “false narrative” that the economy can transition away from fossil fuels. Hegar co-signed an open letter in 2021 with other state financial officers that was addressed to the U.S. banking industry and defended the fossil fuel industry.

“We will each take concrete steps within our respective authority to select financial institutions that support a free market and are not engaged in harmful fossil fuel industry boycotts for our states’ financial services contracts,” the letter reads.

He also co-signed the 2022 letter to Biden from a slate of other state financial officers defending the fossil fuel industry.

Hegar has since escalated his campaign against the institutions. Hegar sent letters to fellow state money managers arguing that they have not done enough to cut ties with BlackRock and other firms that he said boycotted the oil and gas industry, Bloomberg reported in February.

In the lead-up to his anti-ESG push, Hegar owned stock in the oil and gas industry. In 2021, the Texas comptroller and his spouse owned between 100 and 499 shares of Devon Energy and up to 99 shares of ConocoPhillips, according to his latest financial disclosure.

His financial records from all of the previous years since he became state comptroller in 2015 do not show any stock in these two companies or in the fossil fuel industry at large.

Hegar’s political ambitions have also seen a boost from the oil and gas industry — a dominating force in Texas. During his 2022 reelection, Hegar received donations from a range of PACs and executives from the oil and gas business.

His campaign received $10,000 last year from Ben “Bud” Brigham, the chairman of oil and gas development company Brigham Exploration, according to state campaign finance records. The PACs of Chevron, ConocoPhillips, Devon Energy, Calpine Corp. and Valero Energy were among Hegar’s fossil fuel donors during his run for reelection last year, according to state records.

Hegar and his office did not return requests for comment.

Jimmy Patronis, Florida’s chief financial officer, has been railing against ESG investment standards since around the time he was reelected to the position in November. Patronis was also among the co-signers of the 2022 letter to Biden defending the fossil fuel industry.

By December, Patronis announced that the Florida Treasury would start divesting $2 billion of assets managed by BlackRock. In an interview on CNBC’s “Squawk Box” in February, Patronis explained the decision.

“The bottom line: I’m seeing dollars are being siphoned off. I’m seeing individuals, like [BlackRock CEO Larry] Fink and others that are using the state of Florida’s money for a social agenda,” he said.

He added: “I just care about returns. And I’m not seeing that.”

Heading into 2022, he also had a financial interest in the fossil fuel industry.

Patronis owned 100 shares combined of Exxon Mobil and Chevron — the two largest gas companies in the world — at the end of 2021, according to his most recent publicly available disclosure.

His personal interest in fossil fuel companies has grown in recent years. In 2018, he disclosed only about 10 shares of Exxon and did not list any Chevron stock.

The document was the first time since 2018 that Patronis listed investments in the sector.

Frank Collins III, the state’s deputy chief financial officer, told CNBC in a statement that Patronis believes ESG efforts are part of a campaign to decimate the oil and gas industry. He said Patronis does not personally make trading or investment decisions for the state’s retirement systems.

“The CFO wants great returns for those in Florida’s retirement funds, nothing else. While the ESG movement has been on a campaign to erase America’s oil and gas industry from the map, those industries were making returns for investors,” Collins said.

Related Topics:
Continue Reading

Environment

EcoFlow TRAIL 60,000mAh and 90,000mAh power stations at new lows from $104, Leviton 48A EV chargers, Greenworks, more

Published

25 mins ago

on

October 9, 2025

By

EcoFlow TRAIL 60,000mAh and 90,000mAh power stations at new lows from 4, Leviton 48A EV chargers, Greenworks, more


Amazon’s Prime Day event may have formally ended, but that doesn’t mean all the savings have ended with it. EcoFlow has extended its ongoing Prime Day Sale through to next week, with its TRAIL 200 DC 60,000mAh and TRAIL 300 DC 90,000mAh Portable Power Stations (and bundles) headlining today’s Green Deals at new low prices starting from $104. We also spotted Leviton’s 48A Level 2 EV Charging Stations – both smart and standard models – starting from $514, as well as Greenworks’ latest Pro 3,000 PSI Electric Pressure Washer at $320. There’s also three one-day-only Birdfy smart birdhouse/bird feeder deals, and some of the best ongoing Prime Day Sales waiting for you below – with plenty more to browse through in our Prime Day Green Deals hub.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

EcoFlow’s extended Prime Day savings take up to 60% off TRAIL compact power stations at new lows from $104

As part of its extended Prime Day Sale, EcoFlow is continuing to offer the best rates yet on its new TRAIL series of power stations, with extra sitewide savings too. You can pick up the TRAIL 200 DC 60,000mAh Portable Power Station at $103.55 shipped, after using the code 25PDFAFF at checkout for an additional 5% off, while the TRAIL 300 DC 90,000mAh Portable Power Station is down at $141.55 shipped, after using the same code. What’s more, you’ll be getting a free RAPID 30W GaN Charger too (valued at $26), with the prices here also beating out Amazon by up to $7. These new charging solutions launched back at the top of August carrying $200 and $250 MSRPs, which we saw brought down to $113 and $151 with launch savings, dropping further to these rates for the earlier phase of the brand’s Prime Day Sale. You’re getting an extended period to pick them up at the best rates we have tracked, with a total $96 and $108 in savings off the going rates on top of the additional $26 in free gear. Head below to also check out their bundle options.

We’ve been seeing many of our favorite backup power brands releasing similar-sized devices to rival the ones from Anker SOLIX, which might have kicked off the trend with its popular PowerCore Reserve/C200 DC/C300 DC stations. EcoFlow’s smaller TRAIL 200 DC power station is a 4-pound unit with a 60,000mAh LiFePO4 battery, with the 300 DC model bumping things up to a 90,000mAh LiFePO4 capacity. These stations deliver up to 220W and 300W output through their four or five port options. The 200 DC sports two 12W USB-A ports, a 140W USB-C port, and a 100W USB-C port, while the 300 DC has the same USB-A ports but two 140W USB-C ports and a 120W car outlet.

Advertisement – scroll for more content

EcoFlow’s TRAIL power stations have a bunch of protections built right in against overvoltage, overloading, short circuiting, and much more – with both also being given built-in woven handles to make carrying them easier when not stashed inside a bag. Recharging from a standard AC outlet provides 200W or 280W speeds, with the 300 DC model being the one boasting a 110W maximum solar input via an appropriate panel.

***Note: Remember to use the sitewide code 25PDFAFF at checkout to score these prices below!

EcoFlow’s TRAIL power station deals:

Be sure to check out EcoFlow’s extended full Prime Day Sale lineup here while it lasts, with the brand also recently having released its newest DELTA 3 Max and Ultra power stations with up to $2,000 in savings and some FREE gear that start from $759. We also have the ongoing exclusive low price from Wellbots on EcoFlow’s DELTA Pro Ultra Home Backup Power Station with a FREE 400W solar panel at $3,799.

man charging EV with Leviton 48A EV charger

Bring home Leviton’s 48A level 2 EV chargers with or without smart controls starting from $514

Amazon is offering the Leviton 48A Hardwired Level 2 Smart EV Charger at $599.20 shipped, with this being from carried-over Prime Day savings. Normally fetching $749 at full price, discounts have almost entirely kept costs above $629 over the year, with a single fall further to the $527 low back during July’s Prime Day event. While the savings last here, you’re looking at a 20% markdown from the going rate that cuts $150 off the tag for the second-lowest price we have tracked. Of course, if you want to save a bit more and don’t mind losing the in-app smart controls, you can pick up the standard EV charger variant at $514.28 shipped, down from $643.

If you want to learn more about these EV charging stations, be sure to check out our original coverage of these post-Prime Day deals here.

man using greenworks pro 3,000 PSI electric pressure washer to clean front porch stairs

Get a more adaptive cleaning experience with Greenworks’ Pro 3,000 PSI electric pressure washer at $320

Amazon is now offering the newest Greenworks Pro 3,000 PSI Electric Pressure Washer at $319.99 shipped. Normally fetching $450 at full price, discounts over the year have largely kept costs above $330, save for a few drops to the $292 low until Prime Day cut the tag to $305. If you missed out on the two-day-only Prime rate, you can get it for just $15 higher in price while these savings last. You’re still getting a solid $130 markdown here, which lands it at the third-lowest price we have tracked and equips you with the latest and most powerful of the brand’s electric pressure washers.

If you want to learn more about this pressure washer, be sure to check out our original coverage of this deal here.

Birdfy Nest Polygon smart solar birdhouse strapped to tree

Birdfy’s Nest Polygon smart solar birdhouse is back at $200 low + more from $290 (Today only)

As part of its Deals of the Day, Best Buy is offering the Birdfy Nest Polygon Smart Solar Birdhouse with camera back at $199.99 shipped, as well as two bird feeder discounts, also only lasting through the rest of the day (more on those below the fold). While it carries a $300 MSRP direct from the brand (currently priced $20 higher), we’ve been seeing it more often keeping between $240 and $260 elsewhere, with discounts regularly falling between $220 and $210 over the year. This low price first appeared in July and repeated once in September, and now it’s back again to give you a $40 to $60 markdown off the going rate for the best price we have tracked. It’s also beating out Amazon’s pricing by $20 right now too.

If you want to learn more about this birdhouse, or see the two bird feeder offers, be sure to check out our original coverage of these one-day-only deals here.

ecoflow early prime day power station sale
lectric one e-bike
anker solix early prime day power station sale

Best Fall EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.


Add Electrek as a preferred source on Google
Add Electrek as a preferred source on Google

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Tesla now sells turn signal retrofits in US, a $595 solution to a problem it caused

Published

35 mins ago

on

October 9, 2025

By

Tesla now sells turn signal retrofits in US, a 5 solution to a problem it caused


Tesla is now selling retrofit turn signal stalks for Model 3 vehicles in the US, after having deleted the stalks in its update of the Model 3. At first, they were only available in China for certain cars, for the equivalent of ~$350. Now they’re available in the US, but for $595 instead.

In August, Tesla updated its China website with a new accessory: turn signal stalks. This led to speculation as to when or if the product might make it to the US, and today, it has.

That sounds like the setup for a joke (ha ha, those Tesla drivers never using their signal, am I right?!?! (…. I am a Tesla driver and I always use my signals, get off it everyone)), but for those who are out of the loop, it’s actually a solution to a self-inflicted problem by Tesla a few years ago.

The Tesla Model 3 Highland refresh, released in 2023, came with quite a lot of updates. The model had been out for 6 years without major changes, and got quite a slew of them including better sound dampening, a new front end, a slower steering ratio (not a fan of this change), ventilated seats, rear touchscreen, and so on.

Advertisement – scroll for more content

But one of the more controversial changes, within the various cost-cutting that Tesla did to offer these improvements, was the deletion of the turn signal stalk.

Tesla had already been moving in this direction, with the introduction of a “yoke” wheel on the Model S, which didn’t have stalks and used buttons on the wheel for turn signals and the vehicle touchscreen to change gears.

But the deletion of the turn signal stalk, even on a car with a normal steering wheel, was quite controversial. Even though some drivers have gotten used to using the buttons on the steering wheel, or letting FSD signal for you when it decides to change lanes, the convenience and familiarity of a turn signal stalk was still hard to give up for many.

This all happened in 2023, and Tesla got a lot of flack for it, but didn’t relent for some time. Then, in January of 2025, Tesla released the Model Y Juniper refresh, with many of the same changes that the Model 3 had seen.

In that refresh, Tesla did change the steering wheel, including removing the gear selection lever… but also brought back the turn signal stalk. Reason finally ruled the day.

Soon after that, an interview came in February of 2025, where Tesla’s head engineer Lars Moravy admitted “maybe we deleted too much.”

And now, we’re finally seeing the problem get rectified… first in China, but now it’s available in North America, for $595. The installation includes shipping and labor costs to install the stalk, steering wheel, and column control module.

The stalks seem to be available now. So if you want to set up your appointment, you can head over to Tesla’s website, or find the new item in your Tesla app (which the website will direct you to, anyway).

Interestingly enough, the stalks are more widely available in North America than in China. In China, only vehicles that were produced after February 7, 2025 qualify for the stalks, whereas in the US, it seems that all non-stalk Model 3s will qualify, as the website states that any vehicle produced in 2024 or 2025 can install the retrofit. Given that the Highland Model 3 didn’t come out in North America until January 2024, that should mean all of them can get this stalk installed.

The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.


Add Electrek as a preferred source on Google
Add Electrek as a preferred source on Google

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

The Nissan Ariya looks better than ever, but those in the US won’t get to see it

Published

50 mins ago

on

October 9, 2025

By

The Nissan Ariya looks better than ever, but those in the US won't get to see it

Nissan-new-Ariya-looks

Nissan’s electric SUV is due for its first major refresh. The new Nissan Ariya broke its cover, revealing a design closer to the 2026 LEAF, but those in the US won’t get to see it.

The 2026 Nissan Ariya looks like new LEAF

We are finally getting our first look at the new 2026 Nissan Ariya, which will arrive with a fresh new look, updated infotainment, and a smoother ride.

Nissan gave us a sneak peek of the new electric SUV ahead of its official debut at the upcoming Japan Mobility Show.

The new Ariya drops the black, closed-off grille and air intakes for a cleaner, minimalist look similar to the third-generation LEAF. It also adopts the LEAF’s slim, angled LED light design. Nissan said the new front-end design “exudes a more advanced and high-quality feel.”

Advertisement – scroll for more content

Although the front end was fully revealed, we still have yet to see what the rear will look like. Like the 2026 LEAF (which we already got to test out), it will likely arrive with a cleaner shape and updated lights.

Nissan-new-Ariya-looks
The new 2026 Nissan Ariya (Source: Nissan)

Nissan confirmed the new electric SUV will feature a new infotainment system with Google built in. It will also gain vehicle-to-load (V2L) capabilities. Both of which are already featured in the new LEAF.

With an updated suspension, Nissan said the updated Ariya will feel more comfortable to drive. We will learn more, including prices, range, and other specs, closer to launch.

Nissan-lower-priced-LEAF
Nissan unveils the new LEAF in Japan (Source: Nissan)

The new Nissan Ariya will debut at the Japan Mobility Show 2025, which starts on October 31. It will launch in Japan later this fiscal year, followed by overseas markets.

However, those in the US won’t get to see the updates. Nissan is dropping the Ariya SUV from its US lineup for the 2026 model year as it focuses on launching the new LEAF. The automaker said it will still support current owners, but whether it will return for a 2027 model year remains unclear.

The 2025 Nissan Ariya starts at just under $40,000 in the US with an EPA-estimated driving range of 216 miles. The longer range model, with 289 miles of range, starts at $44,370.

Nissan said the 2026 LEAF will have the lowest starting MSRP of any new EV currently on sale in the US, priced from just $29,990.


Add Electrek as a preferred source on Google
Add Electrek as a preferred source on Google

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending