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Louisiana Divesting $794 Million from BlackRock to "Protect" Funds from ESG Investing - ESG Today

Louisiana will liquidate its investments with BlackRock, totaling $794 million, in order to "protect" the state's Treasury funds "from ESG," according to a letter to the investment manager released by State Treasurer John Schroder. According to a statement from the Treasury, the divestment comes in response to reports that "BlackRock has urged companies to embrace...

Oct 15, 2022 by Mark Segal - ESG Today
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