Washington Post (December 30)
2026/ 01/ 01 by jd in Global News
ESG investing has become a political hot potato in the U.S. New York is considering a motion to shift from BlackRock, which “oversees $42.3 billion in index funds for city pensions” to other asset managers with a more proactive stance on ESG. Ironically, “BlackRock and its leader Larry Fink leaned into ESG during a different political moment. But that changed after Texas passed a law blacklisting BlackRock for its fossil fuel ‘boycott.’”
Tags: $42.3 billion, Asset managers, Blacklisting, BlackRock, Boycott, City pensions, ESG investing, Fink, Fossil fuel, Hot potato, Index funds, New York, Political, Texas, U.S.
