A Texas schools fund said it told BlackRock on Tuesday it would terminate a contract to manage around $8.5 billion of state money due to the energy...
Focus expected to be on the "dot plot" for any clues to number, timing of any cuts this yearNEW YORK - A Texas schools fund said it told BlackRock on Tuesday it would terminate a contract to manage around $8.5 billion of state money due to the energy investment policies of the world's largest asset manager.
Texas Permanent School Fund Chair Aaron Kinsey said in a statement posted on X that the fund's relationship with BlackRock breached state law against investing with companies accused of boycotting energy companies."BlackRock's dominant and persistent leadership in the ESG movement immeasurably damages our state's oil and gas economy and the very companies that generate revenues for our PSF ...
The spokesperson cited a $550 million joint venture with oil and gas firm Occidental Petroleum and an event last month where Chief Executive Larry Fink and a Texas official pledged to work together to invest in the state's energy infrastructure.OTTAWA — Canada's inflation figures came in softer than expected for a second consecutive month, suggesting to economists that the Bank of Canada will have ample grounds to begin cut interest rates in the coming months.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas School Fund Pulls $8.5 Billion Investment From BlackRockTexas is divesting $8.5 billion from BlackRock Inc. due to the investment company’s fossil fuel policies, according to a statement from the chairman of the State Board of Education.
Read more »
BlackRock-Backed Commodities Exchange Startup Abaxx Raises CashAbaxx Technologies Inc., a financial technology startup founded by a former Goldman Sachs Group Inc. commodity strategist, is raising fresh equity as it prepares to launch trading in commodities futures.
Read more »
BlackRock to Buy SpiderRock as Firm Expands Wealth ManagementBlackRock Inc. said it’s acquiring SpiderRock Advisors, an asset-management and technology firm, to expand its customized investing strategies to wealthy clients.
Read more »
BlackRock’s Bitcoin ETF Draws Record Influx as Coin Tops $69,000Investors dumped a record amount of cash into BlackRock’s Bitcoin ETF while the cryptocurrency surged to an all-time high.
Read more »
Canadian banks face ESG-related proposals at AGMs, but little new on climateTORONTO — Canadian banks face another round of shareholder proposals focused on environmental, social and governance issues at their annual meetings this year, but few new resolutions on climate.
Read more »
Exxon Chief Goes on the Offensive as Wall Street Sours on ESG(Bloomberg) -- After coming under attack from both environmentalists and investors in the first half of his seven-year tenure at the helm of Exxon Mobil Corp...
Read more »