April 28, 2024

AndronETalksNews

AndronETalksNews

Republicans Withdraw $1 Billion From BlackRock Due To Its ESG Policies

Oil Price

By Tsvetana Paraskova – Oct 10, 2022, 8:30 AM CDT

Multiple U.S. states governed by Republicans are withdrawing state funds from BlackRock’s management, as they disapprove of the ESG investment policies of the world’s top asset manager, the Financial Times reports.

In recent weeks, Louisiana, South Carolina, Utah, and Arkansas have announced they would divest funds from BlackRock totaling more than $1 billion.

Read more…