Republican state officials have pulled approximately $11.7 billion from BlackRock since the beginning of 2022 in reaction to the asset management company’s commitment to the ESG movement, according to a Daily Wire analysis.
The divestments, constituting a drop in the bucket in comparison to the nearly $8 trillion managed by BlackRock, occur as market forces react against the investment philosophy, which argues that firms have a responsibility beyond maximizing profits for shareholders with respect to their environmental, social, and corporate governance commitments.
.png)
.png)
