Arizona is divesting most of its state pension funds from BlackRock, joining a growing number of states in resisting the investment firm's push for ESG policies.
The founder of the crypto exchange FTX manipulated ESG to convince investors that everything was above board before filing for bankruptcy, investor says.
BlackRock offices in New York City. The company, along with nine others, were named by Texas Comptroller Glenn Hegar as being hostile to the state's fossil fuel sector. "We will continue to fight back against the dangerous path of companies pushing their social issues and wokeism inside of the investment space and return to traditional money management that puts the people first," Yee's statement concluded.
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