Mississippi Secretary of State Michael Watson sent a cease-and-desist letter to BlackRock earlier this week over the asset manager's environmental, social, and governance (ESG) policies.
The Texas Permanent School Fund (PSF) announced that it is ending an $8.5 billion investment with BlackRock due to the firm's commitment to environmental, social, and governance (ESG) policies.
Republican officials continued their inquiry into BlackRock this week, alleging that the financial giant has not been transparent about the influence of climate activists...
As of the conclusion of the prior year, the firm, with its linked enterprises holding assets in the U.S., declared outstanding liabilities amounting to $335 billion.
Review shows "that, as a direct result of decisions made by (BlackRock/MSCI), these Americans are now unwittingly funding PRC (People’s Republic of China) companies that develop and build weapons for the People’s Liberation Army (PLA)—the PRC’s military—and advance the CCP’s stated mission of technological supremacy."
BlackRock "is potentially violating U.S. antitrust law by entering into agreements to ‘decarbonize’ its assets under management and reduce emissions to net zero," the congressmen write.