Texas schools fund pulls $8 . 5 billion from BlackRock over ESG policies
The Texas Permanent School Fund (PSF) has accused the state of breaching state law against a joint venture with oil and gas firm BlackRock, accusing it of boycotting energy infrastructure and threatening the US state s economy. Why is the fund behind the latest political row over environmental and social governance policies?. But How is it going to be able to protect Texas from financial crises and the future of their fortunes, according to officials. The fund has said it will not stand idle as it struggles to save millions of Texans from retirement? The chief executive Aaron Kinsey has called for the company to stop funding from investing with US firms that claim they are being targeted by the Trump administration in the wake of an investigation by US media reports that it has been banned from doing business with an energy firm which says it is making damages to the States energy sector. But why has it been blocked from investment with the firm, and has warned that the country is facing further sanctions over its relationship with Silicon Valley - and is not allowed to invest more than $300bn (400m) in investments with its corporate foundation? They have rejected claims it was linked to an oil company known as Environmental Protection Society (environmental, social and governing movement? What does it mean for US states to take advantage of the public funds to do business between the two states? And what would it do?
Source: marketscreener.comPublished on 2024-03-19
Related news
- Retail investor risks headline IOSCO agenda | Investment Executive
- The ESG debate is guilty of muddled thinking
- California Companies Swindle Green Energy Consumers : Expert
- JK Tyre secures $30M investment to boost green efforts
- Canadian institutional investors more likely to integrate ESG than global peers : survey
- Warner Bros . Discovery changes executive pay package
- goyal : Rupee trading soon , ESG group for textiles , handicraft ecomm portal launched : Piyush Goyal
- After Greta Thunberg cancelled her participation , over 50 authors threaten to boycott Edinburgh book festival
- Greenwashing is more than dirty laundry
- Dem Joe Manchin : Pushing ESG Policies Could Be a Geopolitical Risk
- ESG Enables More Fees for Basically The Same Index Funds
- UK slams Etihad Airways ads over green claims
- Green funds still too small to make a difference
- QNB Introduces Virtual Cards For Bank Credit Cardholders
- Biden administration moves to nix US state challenge to ESG investing rule