Texas withdraws $8.5 billion from BlackRock over ESG in biggest such divestment

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Every state should be doing the same.

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I want to say a couple others have. Missouri I believe, too lazy to look on mobile.

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On desktop now.

It was Missouri (treasurer.mo.gov)

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$8.5 billion

That's it? Blackrock's Alladin controls over $21 trillion in assets.

Did Texas cut all ties and divest from Blackrock COMPLETELY? Or did it simply divest a portion, namely $8.5 billion?

OP, don't get caught up in buzzword headlines. This is a meaningles story.

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You're right they should not have removed the money. In fact they should have invested more, it's meaningless after all.

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Texas could prosecute blackrock in federal court, but they don't. Because they're cucked.

Did they divest completely from blackrock? Or are they simply moving investments around.

This is a meaningless story.

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That is too black pilled for me. I'll take small wins when I get them and hope it gains momentum.

You might be right to be pessimistic, but I try not to be so negative.

Did they divest completely from blackrock?

It didn't outright say, but I think so as it says the action was to comply with a law that disallows investing in funds which promote DEI.