Posted on 12/11/2022 4:59:39 AM PST by MtnClimber
Arizona Treasurer Kimberly Yee announced that the state would be divesting hundreds of millions of state funding away from the far-left asset management company BlackRock, due to the company’s support for “ESG” (environmental, social, and corporate governance) policies.
As reported by Breitbart, Yee released a statement declaring that her office has already “divested more than $543 million from BlackRock money market funds and reduced our direct exposure to BlackRock by 97% this year.” She accused the company of moving “away from its fiduciary duty in general as an asset manager,” and instead focusing more on “political activism.”
Yee said that she ordered the divestment after the state’s Investment Risk Management Committee (IRMC) discovered that BlackRock CEO Larry Fink had, in recent years, been sending annual letters “dictating to businesses in the United States to follow his personal political beliefs.”
“We will continue to reduce our remaining exposure in BlackRock over time in a phased in approach that takes into consideration safe and prudent investment strategy that protects the taxpayers,” Yee’s statement continued.
Multiple states led by Republicans have divested hundreds of millions of dollars from BlackRock in protest of the company’s support for far-left policies, and efforts to pressure other private companies into doing the same. Florida recently divested over $2 billion from the company, while Louisiana withdrew $794 million and Missouri pulled out $500 million.
ESG is an international practice of imposing left-wing social and economic policies on private companies, with a focus on increasing so-called “diversity” in hiring, as well as pushing for more “green” energy instead of traditional fossil fuels, among other things.
(Excerpt) Read more at amgreatness.com ...
I sure hope that the trend continues and that Larry Fink loses his job for his totalitarian ideas.
So far so good
“Florida Will Pull $2 Billion of Assets From BlackRock Over ESG”
Every Red State should be doing this. The sooner the better.
Moments of sanity.
Refreshing.
Once in awhile, a glimmer of hope rises. It doesn’t happen often, but once in awhile, it does.
Being Woke is expensive 🤣
He told me, all his millennial investors always ask about the ESG companies and they want to invest in them. They don't care so much about making money, just being politically correct. Great I told him, not me, get me out of these and never buy them again. I want to invest in mutual funds or stocks whose sole purpose is to increase mine and their bottom line.
Kimberly Yee, it may be noted, was running for the Arizona governorship this year until Kari Lake announced her candidacy and began rapidly gaining in popularity.
I’m sure it won’t be long before BlackRock CEO, Larry Fink, or the ADL accuses the AZ treasurer of being anti-Semitic.
Kimberly Yee, AZ state Treasurer has done this before. Unilever (Ben & Jerry’s) over their Israel boycott.
Yee was the first Republican announced her candidacy for Governor. When Lake got in with Trump’s endorsement she stepped down and decided to run for a second Treasurer’s term. Kimberly Yee won by over 200k votes. The highest Republican vote getter in an AZ State office. She would have been Governor Elect today.
Let’s see how quickly IRS thugs, FBI goons and democrat ‘regulators’ move in to do damage.
It’s about time Americans started a little “pushback” of these anti-America aholes. “Pushback” works bigtime. We need to try more of it. It works great for the commie RATS.
Fiduciary incumbencies or whatever they’re called would force anyone to divest. No choice. Blackrock are nuts.
The cabal has a big chessboard. Kari Lake was a Republican until late 2006 (but she supported John Kerry in 2004!). She registered as independent until January 2008 when she became a Democrat. Then back to Republican in 2012.
The cabal uses people like Kari Lake (probably phony) to prevent people like Kimberly Yee (genuine), from becoming more powerful, because that endangers the corrupt status quo. Tulsi Gabbard is cut from the same cloth. Look for a similar scenario. Gabbard has been sounding like Donald Trump lately. She may be used strategically in a future election to outflank a genuine, non-cabal candidate.
Lake was a Buddhist until 2019, some two years before declaring for the governorship, then back to Christian. Gabbard is a Krishna. Normal? No.
A (genuine) candidate like Sarah Palin was completely outflanked by the cabal, who are so terrified of her holding office again that they completely changed the voting procedure in Alaska.
Oh really?
Then why didn’t you endorse her instead of China lover Matt Salmon?
Is it because you’re lying again? Or, is your crystal ball broken? 🤔
Keep lying, keep getting replies. 🤡
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.