Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

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

by October 6, 2022
October 6, 2022
FIGHTING BACK: 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.

Fox Business reported:

Louisiana informed mega bank BlackRock on Wednesday that it will divest from the firm’s investment portfolio over its anti-fossil fuel policies.

…

“Your blatantly anti-fossil fuel policies would destroy Louisiana’s economy,” Schroder wrote to Fink in the letter first obtained by FOX Business.

“This divestment is necessary to protect Louisiana from actions and policies that would actively seek to hamstring our fossil fuel sector. In my opinion, your support of ESG investing is inconsistent with the best economic interests and values of Louisiana,” he continued. “I cannot support an institution that would deny our state the benefit of one of its most robust assets.”

Louisiana is pulling $794 million out of BlackRock’s funds – the state has already withdrawn $560 million.

Reuters reported:

Louisiana will pull $794 million out of BlackRock Inc’s funds, state Treasurer John Schroder said on Wednesday, citing the asset management giant’s push to embrace environmental, social and governance (ESG) investment strategies.

…

The U.S. state has already withdrawn $560 million from the funds to date, he said.

This is the largest divestment from BlackRock by any state.

@ConsumersFirst applauds Treasurer Schroder’s commendable decision to withdraw the state’s assets from BlackRock’s misuse. https://t.co/h3qwkpHoMC

— Will Hild (@WillHild) October 5, 2022

Will more states follow?

For the antidote to media bias, check out ProTrumpNews.com!

The post FIGHTING BACK: State Treasurer Withdraws Nearly $800 Million in Funds From BlackRock Over Leftist “ESG” Efforts appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Tony Fauci Defends Funding of Dr. Daszak and EcoHealth to Continue Their Bat Research in Southeast Asia
next post
Joe Biden Blames ‘MAGA’ Republicans After Court Rules Again that DACA Program Is Unconstitutional

You may also like

Hamas agrees to return bodies of 4 Israeli...

February 26, 2025

RFK Jr’s Foundation To Honor “General Hospital” Star...

November 29, 2022

Taiwan envoy urges congressional action, warns of rising...

June 11, 2025

Israel’s drone strikes in Iran show why US...

June 13, 2025

Why Trump is right to revitalize the Monroe...

April 18, 2025

DAVID MARCUS: Hey Dems, knock it off with...

March 28, 2025

WEAK: RINO Asa Hutchinson Attacks Trump, Teases Running...

November 17, 2022

AOC threatens Supreme Court articles of impeachment over...

July 1, 2024

Chris Christie slams RNC over ‘useless’ presidential nominee...

June 19, 2023

Trump clarifies he meant Cheney wouldn’t have ‘guts’...

November 2, 2024

Hamas agrees to return bodies of 4 Israeli...

February 26, 2025

RFK Jr’s Foundation To Honor “General Hospital” Star...

November 29, 2022

Taiwan envoy urges congressional action, warns of rising...

June 11, 2025

Israel’s drone strikes in Iran show why US...

June 13, 2025

Why Trump is right to revitalize the Monroe...

April 18, 2025

DAVID MARCUS: Hey Dems, knock it off with...

March 28, 2025

WEAK: RINO Asa Hutchinson Attacks Trump, Teases Running...

November 17, 2022

AOC threatens Supreme Court articles of impeachment over...

July 1, 2024

Chris Christie slams RNC over ‘useless’ presidential nominee...

June 19, 2023

Trump clarifies he meant Cheney wouldn’t have ‘guts’...

November 2, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Seizing AI’s Trillion Dollar Cyber Opportunity

      July 9, 2025
    • Biden doctor pleads the Fifth in speedy House closed-door interview

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • Henry Hazlitt’s Timeless Lesson: Still Refuting Today’s Economic Nonsense

      July 9, 2025
    • Legal Brief: Even in Emergencies, the President Cannot Seize Congress’s Tariff Powers

      July 9, 2025

    Categories

    • Business (8,429)
    • Investing (2,112)
    • Politics (15,986)
    • Stocks (3,197)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved