Texas Withdraws $8.5B from BlackRock over ESG
“BlackRock’s dominant and persistent leadership in the ESG movement immeasurably damages our state’s oil and gas economy and the very companies that generate revenues for our Permanent School Fund”.
Texas will pull some $8.5 billion in investments from BlackRock over its ESG policies, the biggest such divestment after several Republican states have moved to cut ties with firms that conservatives see as privileging liberal goals.
Texas State Board of Education Chairman Aaron Kinsey announced the move on Tuesday. A letter was sent to BlackRock the sam…
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