Republican-Led States Pull Over $1 Billion From BlackRock, Cite Concerns Over ESG Strategies

Started by Epoch-Times-Bot, Oct 10, 2022, 10:30 AM

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Epoch-Times-Bot

Oct 10, 2022, 10:30 AM
Republican-Led States Pull Over $1 Billion From BlackRock, Cite Concerns Over ESG Strategies

A string of Republican states have announced they are pulling out their investments in the world's largest asset manager, BlackRock, due to concerns over the company’s move to embrace environmental, social, and governance (ESG) investment strategies.
In an interview with the Financial Times, Curtis Loftis, South Carolina’s state treasurer, said he would pull $200 million from BlackRock by the end of the year.
Meanwhile, Louisiana’s treasurer, John Schroder, informed the company last week that the state would be withdrawing $794 million in investments in the corporation, citing its promotion of “blatantly anti-fossil fuel policies” that would “destroy Louisiana's economy.”...

Source: Republican-Led States Pull Over $1 Billion From BlackRock, Cite Concerns Over ESG Strategies

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