ESG Bully BlackRock Hypocritically Attacks Texas Over $8.5 Billion Divestment, by Craig Bannister
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By Craig Bannister, CNSNews, March 20, 2024
After Texas announced Tuesday that it is pulling $8.5 billion from BlackRock, a giant asset management firm that boycotts traditional energy and uses its financial leverage to bully companies seeking capital into complying with the firm’s ESG ideology, BlackRock issued a blatantly hypocritical response.
In accordance with state law, the Texas Board of Education is divesting $8.5 billion of its Texas Permanent School Fund (TPSF) from BlackRock because of the asset manager’s Environmental, Social, and Governance (ESG) investment philosophy.
BlackRock bases its investment decisions on its ESG agenda, not solely on maximizing its clients’ financial returns. It boycotts oil and gas industries critical to the Texas economy, in favor of so-called “green” industries. …
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