On August 4, Texas Attorney General Ken Paxton and 18 other attorneys general issued a scathing letter to BlackRock CEO Larry Fink, warning that they “will not idly stand for our pensioners’ retirements to be sacrificed for BlackRock’s climate agenda.”
According to the letter, “Based on the facts currently available to us, BlackRock appears to use the hard-earned money of our states’ citizens to circumvent the best possible return on investment, as well as their vote. BlackRock’s past public commitments indicate that it has used citizens’ assets to pressure companies to comply with international agreements such as the Paris Agreement that force the phase-out of fossil fuels, increase energy prices, drive inflation, and weaken the national security of the United States.”
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