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Texas pulls $8.5B from BlackRock in stunning blow to ESG movement Below excerpt and title of the article reported by Catenacci. T. (2024, March 19). Texas pulls $8.5B from BlackRock in stunning blow to ESG movement. Fox Business 'Texas 'will not stand idle as our financial future is attacked by Wall Street,' said State Board of Education Chairman Aaron Kinsey' 'In an announcement first shared with FOX Business, Texas State Board of Education Chairman Aaron Kinsey said the so-called Texas Permanent School Fund (PSF) had delivered a notice to BlackRock on Tuesday, informing the New York City-based firm of the action. According to Kinsey, the move was made in accordance with a 2021 state law that seeks to distance the state and its large public purse from financial institutions boycotting the oil and gas sector.' To read full article, click here Photo by Pepi Stojanovski on Unsplash Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates. #GlobalNews #BlackRock #Texas
