Half a $Billion Withdrawn from BlackRock over Woke Investing Policies: Missouri

Missouri is following other Republican-led states to depart from the investment firm.

  • The state of Missouri is pulling roughly $500 million out of pension funds managed by BlackRock Inc., the nation’s largest investing firm.
  • State treasurer Scott Fitzpatrick cited the asset management company’s Environmental Social Governance (ESG) priorities when announcing the withdrawal.
  • According to Fitzpatrick, the woke company is more concerned about ESG than they are shareholder returns.
  • Last week, BlackRock’s Chief Executive Officer Larry Fink defended the company’s investment decisions saying they are “being attacked equally by the left and the right so I’m doing something right.”
  • Thus far, state treasures from Louisiana, South Carolina, Utah, and Arkansas have announced they’ll be withdrawing a cumulative $1 billion in funds from BlackRock.
  • South Carolina State Treasurer Curtis Loftis told journalists he was pulling $200 million of its holdings from BlackRock by the end of this year over the company’s “leftist worldview.”
  • Utah State Treasurer Marlo Oaks and Arkansas’ Dennis Milligan are reportedly removing $100 million and $125 million, respectively.
  • Texas Comptroller Glenn Hegar also weighed in, slamming BlackRock for allegedly “boycotting energy companies” that do not push its “climate change” ESG agenda.
  • Louisiana cited economic and political concerns as their treasure said the company’s  “blatantly anti-fossil fuel policies” would “destroy Louisiana’s economy,” American Faith previously reported.
  • BlackRock is an official partner of the ‘Great Reset’-advancing World Economic Forum (WEF). The financial asset manager’s CEO, Lary Fink, is a WEF board member.