An ever-growing series of red states have pulled some or all of their assets from BlackRock’s management in light of that company’s oft-repeated commitment to ignore its fiduciary duties and to use the power of all of the assets invested with it (not just the ones invested in ESG-labeled funds) to push the twin ESG goals of equity-based discrimination and decarbonization according to activist-generated schedules that butcher the science while taking no account of technological, financial or geopolitical realities.
Florida was the most recent state to move, pulling $2 billion from BlackRock. Other withdrawing states have included Louisiana, South Carolina, Utah, Arkansas, West Virginia, Missouri, Texas and probably some others that I’m forgetting.
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