Texas Schools Fund Terminates $8.5 Billion Investment with BlackRock
Texas State Board of Education Chairman Aaron Kinsey announced that the Texas Permanent School Fund (PSF) delivered an official notice to BlackRock Inc. terminating an $8.5 billion investment with the firm.
BlackRock, Inc., an American multinational investment management corporation and the world’s largest asset manager,
has embraced ESG Environmental, Social, and Governance Investing (ESG).
In 2021, William Hild, Executive Director of Consumers’ Research, sent a letter to the governors of the 10 states with the top 10 state pension funds invested with BlackRock with a consumer warning.
Hild wrote, “Later today, Consumers’ Research, the nation’s oldest consumer advocacy organization, will issue a Consumer Warning focused on the world’s largest money management firm,
