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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
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1 posted on 03/19/2024 11:45:59 AM PDT by Rusty0604
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To: Rusty0604

Good!!


2 posted on 03/19/2024 11:46:54 AM PDT by TheGunny
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To: Rusty0604

Two wins for Texas today


3 posted on 03/19/2024 11:47:27 AM PDT by Regulator (It's fraud, Jim)
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To: Rusty0604; Jane Long; luvie; djstex

Ping


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)
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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)
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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
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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
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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)
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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)
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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)
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To: Thunder90

And?


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)
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To: Rusty0604

ESG is commie crud.


12 posted on 03/19/2024 12:10:09 PM PDT by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: SaxxonWoods

That is now Fl. And Texas GOOD JOB!!!!


13 posted on 03/19/2024 12:12:10 PM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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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.)
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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
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To: Rusty0604

Texas should lend 500 million to Trump


16 posted on 03/19/2024 12:22:06 PM PDT by farmguy ( )
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To: TheGunny

YES!


17 posted on 03/19/2024 12:24:28 PM PDT by griffin (When you have to shoot, SHOOT; don't talk. -Tuco)
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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)
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To: SaxxonWoods

Worse than commie...democrat!


19 posted on 03/19/2024 12:27:42 PM PDT by Bonemaker (invictus maneo)
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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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