Emeraldlight
User ID: 80816366 United States 03/19/2024 03:59 PM
Report Abusive Post Report Copyright Violation | Texas pulls $8.5B from BlackRock in stunning blow to ESG movement FIRST ON FOX: The State of Texas is terminating a massive $8.5 billion investment with trillion-dollar asset manager BlackRock over the state's determination that the firm is engaged in a boycott of energy companies. In an announcement first shared with FOX Business, Texas State Board of Education Chairman Aaron Kinsey said the so-called Texas Permanent School Fund (PSF) had delivered a notice to BlackRock on Tuesday, informing the New York City-based firm of the action. According to Kinsey, the move was made in accordance with a 2021 state law that seeks to distance the state and its large public purse from financial institutions boycotting the oil and gas sector. [ link to www.msn.com (secure)] |
Anonymous Coward User ID: 77271591 United States 03/19/2024 04:01 PM Report Abusive Post Report Copyright Violation | Re: Texas pulls $8.5B from BlackRock in stunning blow to ESG movement Good |
Emeraldlight (OP)
User ID: 80816366 United States 03/19/2024 04:02 PM
Report Abusive Post Report Copyright Violation | Re: Texas pulls $8.5B from BlackRock in stunning blow to ESG movement Good
Quoting: Anonymous Coward 77271591 Taking anything from blackrock is good |