Texas Schools Withdraw $8.5 Billion From Blackrock Amid ESG Investigation – One America News Network

March 20, 2024 TruthUSA

Blackrock Posts 22 Percent Increase In Quarterly Profits
NEW YORK, NY - JANUARY 16: A sign hangs on the BlackRock offices on January 16, 2014 in New York City. Blackrock posted a 22 percent increase in the most recent quarterly profits announcement. (Photo by Andrew Burton/Getty Images) — Blackrock Posts 22 Percent Increase In Quarterly Profits NEW YORK, NY – JANUARY 16: A sign hangs on the BlackRock offices on January 16, 2014 in New York City. Blackrock posted a 22 percent increase in the most recent quarterly profits announcement. (Photo by Andrew Burton/Getty Images)

OAN’s Abril Elfi
3:30 PM – Wednesday, March 20, 2024

The Texas State Board of Education has announced that they are pulling out billions of dollars invested in BlackRock, a firm accused of boycotting fossil fuels.

In a statement released on Tuesday, Texas State Board of Education Chairman Aaron Kinsey cited BlackRock’s “dominant and persistent leadership in the ESG movement” as justification for the board’s decision to terminate its $8.5 billion investment with the massive investment firm.

Statement from the Texas Permanent School Fund on their divestiture from BlackRock of $8.5B, the largest divestiture in the country to date. Woke financial institutions weaponizing retirees money against responsible American energy producers have been put on notice since Texas… pic.twitter.com/jmeZm55g5e

Situated at the epicenter of a vocal anti-ESG movement led by Republican politicians in the U.S., BlackRock is the largest global investment management company and a leading voice in the investment community on climate and energy transition-related investment themes.

The politicians have accused BlackRock of following a social agenda and working to harm energy companies.

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