FIRST ON FOX: A large coalition of right-leaning organizations and officials from across the country are throwing their weight of support behind Texas' effort targeting BlackRock.
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First-Ever Appraisal District Election Is Small Battle in GOP-Dem War Over Taxation in TexasElected Dem- or GOP-backed candidates would have outsized power over district
Read more »
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.
Read more »
Texas withdraws $8.5 billion from BlackRock over ESG in biggest such divestmentTexas will pull $8.5 billion in investments from BlackRock over its ESG policies, the biggest such divestment after several Republican states did the same.
Read more »
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.
Read more »
Texas School Fund Divests $8.5 Billion from BlackRock over Anti-Fossil Fuel PoliciesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Texas Permanent School Fund pulls $8.5B from BlackRockBlackRock will likely lose out on millions in management fees, while the state will need to find another investment that could match the firm's returns.
Read more »