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."
"Federal law has long prohibited treating employees differently because of their race," Cotton stated in the letters, reminding the firms of the Supreme Court's recent declaration that "eliminating racial discrimination means eliminating all of it."
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.
"It's easier for BlackRock to do things when people aren't thinking about it," Varlay said, adding that BlackRock "doesn't want to be anywhere on the radar."
