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Texas State Board of Education Blackballs BlackRock
[TowhnHall] As state leaders continue to recognize and take action to mitigate investment risk caused by woke ESG — environmental, social and governance — policies, the Texas State Board of Education has delivered a significant blow to the world's largest asset manager, BlackRock, due to its embrace and prioritization of "green" energy (read: anything but green) and attempts to force a transition to a "net-zero" carbon emission economy.Led by Chairman Aaron Kinsey, the Texas State Board of Education found that BlackRock was not in compliance with a provision in Texas state code that prohibits state investment in companies that boycott energy companies, a practice that Kinsey found BlackRock's emphasis on ESG has created. As a result, the Permanent School Fund (PSF) took action on Tuesday, notifying BlackRock that it was divesting a whopping $8.5 billion from the firm — the largest single divestment from BlackRock since state leaders began rejecting asset management firms with values that run opposite their states' priorities. Related: BlackRock: 2024-03-18 O'Keefe [video] Catches DoD Official Stating Support for Mass Gun Confiscation [and worse!] BlackRock: 2024-02-21 Elon Musk is nominated for Nobel Peace Prize by Norwegian MP who praises him for being a 'stout proponent of free speech' and 'enabling' Ukraine to communicate after Russia's invasion BlackRock: 2024-02-19 ‘Suspicious Reversal:' DOJ Backs Down from Massive Fraud Case Against Dem Megadonor Dish CEO, BlackRock Related: Texas State Board of Education: 2022-08-03 Texas State Board of Education considers ditching BC, AD calendar Texas State Board of Education: 2022-07-06 Texas Proposal to Refer to Slavery as 'Involuntary Relocation' Rejected Texas State Board of Education: 2022-07-02 Public schools in Texas would rename slavery as 'involuntary relocation' under new social studies standards proposed to the state's education board: State passed a law in 2021 to remove topics from schools that make students 'feel discomfort' Posted by: Bobby 2024-03-21 |
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