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Louisiana Yanking State Treasury Funds from BlackRock

'Simply put, we cannot be party to the crippling of our own economy... '

(Jacob Bruns, Headline USA) The state of Louisiana has threatened the exploitative leftist mega-corporation BlackRock, in hopes of defending the liberty of its citizens, by pulling its cash from the coffers.

Louisiana state Treasurer John Schroder, a Republican, penned a masterful letter to BlackRock chairman and CEO Larry Fink slamming his company for its woke policies, The Blaze reported.

“Your blatantly anti-fossil fuel policies would destroy Louisiana’s economy,” Schroder wrote, later suggesting that the state will disinvest all state funds from the company.

“Therefore, Louisiana Treasury will liquidate all BlackRock investments by the end of 2022. To date we have divested $560 million. Once complete, this divestment will reflect $794 million no longer entangled in BlackRock money market funds, mutual funds or exchange-traded funds (ETFs) holdings.”

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In Schroder’s view, the corporation has actively undermined the state’s economy using the state’s own funds to finance its operations. The firm’s active promotion of radical environmental, social, and corporate governance standards is a prime example.

“This divestment is necessary to protect Louisiana from actions and policies that would actively seek to hamstring our fossil fuel sector. In my opinion, your support of ESG investing is inconsistent with the best economic interests and values of Louisiana. I cannot support an institution that would deny our state the benefit of one of its most robust assets.”

“Simply put, we cannot be party to the crippling of our own economy,” he added.

Schroder concluded by writing that BlackRock poses an active threat to the political good of the state, and that they will no longer be held hostage by corporate interests which diverge radically from the state’s.

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“I’m convinced that ESG investing is more than bad business; it’s a threat to our founding principles: democracy, economic freedom, and individual liberty,” he concluded.

The Louisiana Treasurer is not the first to notice what BlackRock and other corporations are doing to America.

The Epoch Times noted earlier this year that Thomas E. Donilon, chairman of the BlackRock Investment Institute, paid the Biden administration at least eight visits between March and November 2021.

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