BlackRock’s ESG Policies Pushes Arizona to Divest Funds From the Investment Firm

  • 📰 LegInsurrection
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

“The office divested over $543 million from BlackRock money market funds in February, reducing exposure with the company by 97 percent this year.”

The preference cascade away from Environmental, Social and Governance appear to have begun in earnest.

The decision stems from stemmed from Arizona’s internal Investment Risk Management Committee of the index fund management firm, which began a review“Part of the review by IRMC involved reading the annual letters by CEO Larry Fink, which in recent years, began dictating to businesses in the United States to follow his personal political beliefs. In short, BlackRock moved from a traditional asset manager to a political action committee,” said Yee.

Other states that have made similar moves include Florida, Louisiana, South Carolina, and Utah. Texas has led the charge for a move away from ESG-oriented investing..

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business group offers $100,000 reward over attack on Coastal GasLink siteRCMP say a group of about 20 people armed with axes attacked security guards and smashed vehicle windows at a northern work site in February I have a suspect Even I knew I would never snitch Typical environmental cowards, do damage, cause mayhem, break laws, threaten citizens, and run away, never take responsibility. Sounds just like the LiberalHypocrisy
Source: globeandmail - 🏆 5. / 92 Read more »

Business group offers $100,000 reward over attack on Coastal GasLink siteICBA of B.C. is offering a $100,000 reward for information about an attack on Coastal GasLink employees at a northern work site in February. If 40 cops on cop salaries couldn't get to the bottom of it then a $100,000 reward will not do it either. Because we already know cops were behind it
Source: CHEK_News - 🏆 59. / 55 Read more »