Posted on 10/05/2022 8:20:41 PM PDT by ameribbean expat
Louisiana Treasurer John Schroder penned a letter to BlackRock CEO Larry Fink, explaining the state would liquidate all BlackRock investments within three months and, over a period of time, divest nearly $800 million from the bank's money market funds, mutual funds or exchange-traded funds. The state treasurer blasted Fink's pursuit of so-called environmental, social and governance (ESG) standards that promote green energy over traditional fossil fuels.
"Your blatantly anti-fossil fuel policies would destroy Louisiana’s economy," Schroder wrote to Fink in the letter first obtained by FOX Business.
"This divestment is necessary to protect Louisiana from actions and policies that would actively seek to hamstring our fossil fuel sector. In my opinion, your support of ESG investing is inconsistent with the best economic interests and values of Louisiana," he continued. "I cannot support an institution that would deny our state the benefit of one of its most robust assets."
(Excerpt) Read more at foxbusiness.com ...
Yes
I forgot who started that, Vivek Ramaswami maybe?
Black Rock has been known for some time to be a negative org
Good fot this state to divest.
The Fink is a King!
The spirit of lawlessness-which is the spirit of antichrist-is permeating the planet.
What we see as crime and chaos to him it is the perfect unrolling of his plan.
(A comment on your tagline.)
I was thinking the same thing.
CEO Larry Fink, tells it all in a name
Great news!
Good on my natal state....maybe my current home state (Texas) will follow suit.
EVERY red state needs to divest from Blackrock, Vanguard, Fleet Street, etc if it pushes ESG
AND
Ban any company, bank, etc from operating in their state at all if they push ESG.
That’s over half the country. All of these funds and banks and companies would cave immediately. They would have no choice.
Commie policies.
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