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In Blow to ESG Agenda, Texas Pulls Nearly $10 Billion Out of BlackRock
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Texas is pulling $8.5 billion in investments out of BlackRock over its policies for environmental, social, and governance (ESG). It argues that the policies of BlackRock are destructive to key industries, and the divestments follow other states also pulling funds out of the multinational investment company. This comes amid a broader pushback overall against ESG and related programs, as the system is being deemed a way of forcing businesses to adhere to policies that can be financially damaging, and may not reflect what’s actually needed.
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i would have shown the first 5ish minutes of this only, but i don't have that program that edits shit anymore, that's the part you want to listen to, listen to the rest if you want.