Thndr Claps » U.S. Claps » Funds » Loss of faith in ESG trend 🖐
The ClapLouisiana will pull $794 million from BlackRock’s (NYSE: BLK) funds.
The DeetsAccording to Louisiana’s treasurer, the company’s investments could cripple the energy sector in the US.
This is not the first time the company has faced backlash, as it faces ongoing criticism regarding the debate on low-carbon fuels.
Why this MattersBlackrock has been accused of boycotting companies from the energy sector, which may potentially hurt the sector.
Lousiana has already withdrawn %560 million from the fund to date.
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