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-Great Cultural Revolution

Texas subpoenas BlackRock to discover how much taxpayer money has been 'wasted in woke ESG funds' – as activist investor calls for CEO to resign over 'greenwashing'

2022-12-08

[Daily Mail, where America gets its news]

Texas Senate committee subpoenaed environmental, social and corporate governance (ESG) issues of investment firm BlackRock

Firm is ordered to appear at December 15 hearing on trendy ESG investing

Republican lawmakers accuse firm of prioritizing social goals over returns

Some states have threatened to pull state pension investments over the issue

Meanwhile, London-based activist investor fund Bluebell Capital Partners has the opposite criticism of BlackRock

Bluebell claims BlackRock is not going far enough in pursuing its ESG goals

Texas State Senator Bryan Hughes, the Republican chair of the Texas committee, said that requests for the documents had been issued to BlackRock and three other major financial firms in August, but that 'some have provided more than others.'

'The Committee needs these documents to uncover the extent to which these firms have been playing politics using Texans’ hard earned money,' Hughes told DailyMail.com in a statement.

Posted by:Skidmark

#1 Vanguard just exited the ESG alliance. So there is a different option.

Posted by: ed in texas 2022-12-08 16:51

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