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.
