State Treasurer Withdraws Nearly $800 Million in Funds From BlackRock Over Leftist “ESG” Efforts

Louisiana Treasurer John Schroder sent a letter to BlackRock CEO Larry Fink explaining that Louisiana is withdrawing its funds from Blackrock.

The reasoning was BlackRock’s support for “blatantly anti-fossil fuel policies” that “would destroy Louisiana’s economy” according to the letter.

BlackRock has promoted ESG standards which includes using publicly traded funds to incentivize a transition from fossil fuels to clean energy alternatives.
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