Hooray! WV Fights Back, State Drops Investments with BlackRock Fund
Three cheers for West Virginia State Treasurer Riley Moore! Yesterday Moore announced the WV Board of Treasury Investments, which manages the state’s roughly $8 billion operating funds, will no longer use BlackRock Inc. investment funds as part of its banking transactions. WV is divesting from the divestors. BlackRock is part of a leftist (very political) group aggressively trying to defund all oil and gas companies (see Investors Representing Half the World’s Wealth Go Mad re Net-Zero). Now it's time to choose sides and to defund the defunders--to divest the divestors. Moore just fired the first shot. It's already causing headaches for BlackRock CEO Larry Fink.
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