The Texas State Board of Education has announced that they are pulling out billions of dollars invested in BlackRock, a firm accused of boycotting fossil fuels.
In a statement released on Tuesday, Texas State Board of Education Chairman Aaron Kinsey cited BlackRock’s “dominant and persistent leadership in the ESG movement” as justification for the board’s decision to terminate its $8.5 billion investment with the massive investment firm.
[Source.](https://www.oann.com/newsroom/texas-schools-pull-8-5b-from-blackrock-over-esg-investigation/)
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The Texas State Board of Education has announced that they are pulling out billions of dollars invested in BlackRock, a firm accused of boycotting fossil fuels.
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In a statement released on Tuesday, Texas State Board of Education Chairman Aaron Kinsey cited BlackRock’s “dominant and persistent leadership in the ESG movement” as justification for the board’s decision to terminate its $8.5 billion investment with the massive investment firm.
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