Texas effort to punish BlackRock over green-energy policies receives widespread GOP support

FIRST ON FOX: A wide coalition of dozens of conservative groups and elected officials are backing Texas in response to the state's decision to cancel an $8.5 billion investment with trillion-dollar asset manager BlackRock, a New York-based asset manager.

On March 21, two days after Kinsey made that announcement, BlackRock Vice Chairman Mark McCombe issued a letter to him saying the firm was "dismayed" and arguing the action puts "short-term politics over your long-term fiduciary responsibilities." He defended BlackRock's actions, stating they were in accordance with the law and that they do not engage in a boycott of the traditional energy sector.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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Texas pulls $8.5B from BlackRock in stunning blow to ESG movementFIRST ON FOX: The State of Texas is terminating a $8.5 billion BlackRock investment in response to the firm's ESG policies, which the state says signal a boycott of energy companies.
مصدر: FoxBusiness - 🏆 458. / 53 اقرأ أكثر »

Texas school fund yanks $8.5 billion investment from BlackRockThe Wall Street titan insists it doesn’t boycott the fossil fuel industry, citing an energy sector investment of $125 billion.
مصدر: dallasnews - 🏆 18. / 71 اقرأ أكثر »