10/7/2022
Louisiana to remove $794 million from BlackRock funds over ESG drive. The U.S. state has already withdrawn $560 million from the funds to date, he said.
BlackRock did not immediately respond to a Reuters’ request for comment.
The company, which managed nearly $8.49 trillion of assets as of June 30, has faced criticism from many sides in the debate on low-carbon fuels.
While environmentalists have protested that the world’s largest asset manager does too little to press for change at fossil fuel portfolio companies, Republican politicians have accused it of boycotting energy stocks.
Full (Bloomberg)
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