Texas School Fund Yanks $8.5 Billion from BlackRock Over ESG Investing
By Carole Hornsby Haynes March 21, 2024
Texans are fighting back against against theEnvironmental Social Governance (ESG) politically-motivated movement by yanking $8.5 billion of Texas Permanent School Fund (PSF) assets from global asset manager BlackRock.
Major fund managers including BlackRock, State Street, and Vanguard have colluded to phase out Texas’ energy production within the next 15 years. This will have a dramatic impact on Texas public education because the PSF is primarily funded by oil and gas royalties.