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Texas is the most recent state to join a coalition of Republican-led states accusing BlackRock Inc. of putting woke investment criteria on a pedestal at the expense of shareholder profits in state pension funds.
19 attorneys general from predominantly conservative states sent a letter to BlackRock CEO Larry Fink where they challenged the investment management company’s use of environmental, social, and governance criteria to make key business decisions at the expense of investor returns. In a press release that was published on August 8, 2022, Texas Attorney General Ken Paxton claimed that ESG climate goals hurt Texas’s extractive economy, such as oil and gas, and Texas’ state pension fund performance.
The release said that BlackRock’s actions may be in violation of federal and state laws.
Black is the largest asset manager in the world. According to a report by Darlene McCormick Sanchez at The Epoch Times , it sent a letter to […]
Excerpt Sourced From: bigleaguepolitics.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
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