Texas Pulls $8.5 Billion Investment From BlackRock Over ESG Push

GOP-led state continues fighting back against globalist policies

Texas State Board of Education Chairman Aaron Kinsey told Fox News on Tuesday the state will be terminating an $8.5 billion investment with globalist investment firm BlackRock due to its relentless promotion of ESG (environmental, social and governance) guidelines.

The money was going to come from the Texas Permanent School Fund (PSF), a wealth fund for the state’s public schools that has been around since 1854.

However, the PSF is now citing a 2021 Texas state law preventing the government from dealing with financial institutions that promote anti-oil and anti-gas policies.

“The Texas Permanent School Fund has a fiduciary duty to protect Texas schools by safeguarding and growing the approximately $1 billion in annual oil and gas royalties managed by the Texas General Land Office,” Kinsey explained. “Terminating BlackRock’s contract ensures PSF’s full compliance with Texas law.”

He continued:

“BlackRock’s dominant and persistent leadership in the ESG movement immeasurably damages our state’s oil & gas economy and the very companies that generate revenues for our PSF. Texas and the PSF have worked hard to grow this fund to build Texas’ schools. BlackRock’s destructive approach toward the energy companies that this state and our world depend on is incompatible with our fiduciary duty to Texans.”

Essentially, globalist-controlled groups like BlackRock are using their financial influence to force America to stop investing in traditional energy industries and instead invest in “green energy” technologies being pushed by the WEF, WHO and other unelected NWO operations.

Of course, their cronies are already heavily invested in and are betting on these alternative energy technologies being forced on the public so they can make massive profits regardless of whether or not the tech is actually superior and better for the environment than the current technology.

The Texas decision was widely celebrated online: