The state of West Virginia will no longer use a BlackRock Inc. investment fund due to the firm's push for climate-focused strategies that state Treasurer Riley Moore says threaten the state's economy
Charlie Gasparino weighs in on 'Cavuto: Coast to Coast' as BlackRock's China investing fuels questionsBlackRock Inc.
"As the state’s chief financial officer and chairman of the Board of Treasury Investments, I have a duty to ensure that taxpayer dollars are managed in a responsible, financially sound fashion which reflects the best interests of our state and country, and I believe doing business with BlackRock runs contrary to that duty," Moore said in a statement.
"BlackRock’s funneling of billions in U.S. capital to China carries with it risks not present in other markets, risks that threaten the large wagers the company is putting on steep returns from the Middle Kingdom," Consumers' Research Executive Director Will Hild wrote in the letter.
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