Louisiana IS TAKING BlackRock’s investments AWAY

In a letter to BlackRock Chairman and CEO Larry Fink, Louisiana State Treasurer John Schroder, a Republican, noted that $560 million had already been sold and $794 million was eventually pulled out of BlackRock. “Their anti-fossil fuel policies would destroy Louisiana’s economy. To date, we have sold $560 million. Upon completion of this divestiture, $794 million will no longer be entangled in BlackRock money market funds, mutual funds or exchange-traded funds (ETFs). “(The Flame)

Continuing in the letter to BlackRock CEO Larry Fink, it states, “In your 2021 letter to CEOs, you made it clear that BlackRock is aiming for an economy “that by 2050 does not emit more carbon dioxide than it removes from the atmosphere,” which, as you acknowledge, will require “a transformation of the entire economy.” They are calling for a “transformation” of our entire economy that will not take place through a democratic process. Instead, you talked about the fact that “behaviors need to change, and that’s one thing we demand from companies. You have to force behaviors. And at Blackrock, we enforce behaviors.” So much for democracy.”

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