Texas School Fund Pulls $8.5B from BlackRock, Alleging Fossil Fuel Boycott

The Texas Permanent School Fund has terminated its contract with investment giant BlackRock Inc (NYSE: BLK), pulling around $8.5 billion in state funds managed by the firm. The move stems from accusations that BlackRock is boycotting fossil fuel energy producers, a critical industry for the state of Texas. Aaron Kinsey, Chair of the Texas State … Continue reading Texas School Fund Pulls $8.5B from BlackRock, Alleging Fossil Fuel Boycott