U.S. District Judge Reed O’Connor in Fort Worth, Texas has ruled that American Airlines encouraged environmentally and socially responsible investing in its 401(k) plan, thereby violating its legal responsibilities. O’Connor said that the airline’s “incestuous relationship with BlackRock and its own corporate goals disloyally influenced administration of the Plan,” and observed that BlackRock had a climate change agenda unrelated to economic interests, while American “utterly failed to loyally investigate BlackRock’s ESG investment activities.”