Blow to BlackRock ESG Agenda, Texas Pulls Nearly $10 Billion Out of BlackRock. Crossroads

Blow to BlackRock ESG Agenda, Texas Pulls Nearly $10 Billion Out of BlackRock. Crossroads
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8,795 views March 21, 2024
Crossroads with JOSHUA PHILIPP
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Texas is pulling $8.5 billion in investments out of BlackRock over its policies for environmental, social, and governance (ESG). It argues that the policies of BlackRock are destructive to key industries, and the divestments follow other states also pulling funds out of the multinational investment company. This comes amid a broader pushback overall against ESG and related programs, as the system is being deemed a way of forcing businesses to adhere to policies that can be financially damaging, and may not reflect what’s actually needed.
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In this live Q&A with Crossroads host Joshua Philipp, we’ll discuss this topic and others, and answer questions from the audience.
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