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Texas withdraws $8.5 billion from BlackRock over ESG in biggest such divestment
Washington Examiner ^
| 03/19/2024
| Zachary Halaschak
Posted on 03/19/2024 11:45:59 AM PDT by Rusty0604
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 same day notifying the world’s largest money manager. The divestment was done to comply with the state’s anti-environmental, social, and governance law, which prohibits state investment in companies like BlackRock that Republicans say boycott energy companies.
“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],” Kinsey said. “Texas and the PSF have worked hard to grow this fund to build Texas’s schools.”
(Excerpt) Read more at washingtonexaminer.com ...
TOPICS: Business/Economy; Front Page News; Government; Politics/Elections; US: Texas
KEYWORDS:
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1
posted on
03/19/2024 11:45:59 AM PDT
by
Rusty0604
To: Rusty0604
2
posted on
03/19/2024 11:46:54 AM PDT
by
TheGunny
To: Rusty0604
3
posted on
03/19/2024 11:47:27 AM PDT
by
Regulator
(It's fraud, Jim)
To: Rusty0604; Jane Long; luvie; djstex
4
posted on
03/19/2024 11:47:49 AM PDT
by
Rusty0604
(W looking for new conspiracy theories as all the old ones have come true)
To: Regulator
5
posted on
03/19/2024 11:49:07 AM PDT
by
Rusty0604
(W looking for new conspiracy theories as all the old ones have come true)
To: Rusty0604
Everybody should tell their broker to divest from Blackrock.
They are New World Order, globalist scum.
6
posted on
03/19/2024 11:50:51 AM PDT
by
BrexitBen
To: Rusty0604
Need to invest about 500 million in Trump to uh… build something …
7
posted on
03/19/2024 11:55:41 AM PDT
by
Skywise
To: Rusty0604
YESSSS!!
8
posted on
03/19/2024 11:56:25 AM PDT
by
Jane Long
(What we were told was a conspiracy theory in ‘20 is now fact. Land of the sheep, home of the knaves)
To: Rusty0604
Texas is going to lose Federal funding over this and their immigration policy.
9
posted on
03/19/2024 11:59:19 AM PDT
by
Thunder90
(All posts soley represent my own opinions)
To: Skywise
10
posted on
03/19/2024 12:00:44 PM PDT
by
Rusty0604
(W looking for new conspiracy theories as all the old ones have come true)
To: Thunder90
11
posted on
03/19/2024 12:02:41 PM PDT
by
Rusty0604
(W looking for new conspiracy theories as all the old ones have come true)
To: Rusty0604
12
posted on
03/19/2024 12:10:09 PM PDT
by
SaxxonWoods
(Are you ready for Black Lives MAGA? It's coming.)
To: SaxxonWoods
That is now Fl. And Texas GOOD JOB!!!!
To: Thunder90
“Texas is going to lose Federal funding over this and their immigration policy.”
Sounds like a fair trade.
14
posted on
03/19/2024 12:13:42 PM PDT
by
SaxxonWoods
(Are you ready for Black Lives MAGA? It's coming.)
To: Rusty0604
The housecleaning in TX continues!
I hope Ted Cruz is paying attention.
This is how its done!!!
15
posted on
03/19/2024 12:20:41 PM PDT
by
Zathras
To: Rusty0604
Texas should lend 500 million to Trump
16
posted on
03/19/2024 12:22:06 PM PDT
by
farmguy
( )
To: TheGunny
17
posted on
03/19/2024 12:24:28 PM PDT
by
griffin
(When you have to shoot, SHOOT; don't talk. -Tuco)
To: Rusty0604
Voting with money - one of only a few things socialist tyrants understand, somewhat ironicaly.
Unfortunately, its only a drop in the bucket to BlackRock.
18
posted on
03/19/2024 12:27:14 PM PDT
by
griffin
(When you have to shoot, SHOOT; don't talk. -Tuco)
To: SaxxonWoods
Worse than commie...democrat!
19
posted on
03/19/2024 12:27:42 PM PDT
by
Bonemaker
(invictus maneo)
To: griffin
But it is a nice chuck to go to some firm that is more honorable, which might be one of the big wins here.
20
posted on
03/19/2024 12:30:00 PM PDT
by
griffin
(When you have to shoot, SHOOT; don't talk. -Tuco)
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