Topic: Permanent School Fund

1 chapters across the catalog

Texas officials announced the withdrawal of $8.5 billion from BlackRock, delivering a significant blow to the Environmental, Social, and Governance (ESG) movement. State Board of Education Chairman Aaron Kinsey stated the move complies with a 2021 state law prohibiting investments in financial institutions that boycott the oil and gas sector. This divestment from the Texas Permanent School Fund aims to protect the state's energy-dependent economy.