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Report: BlackRock Using Oklahomans' Pension Funds to Advance Radical ESG Proposals"BlackRock doesn't want to be the next Bud Light—and until they stop putting a political agenda over their fiduciary duty with our pension funds, Oklahoma won't be doing business with them." -Gov. Ken Stitt via X
In a memorandum to "Interested Parties" titled "BlackRock is Using OPERS' Investments to Push a Woke Agenda," the American Accountability Foundation (AAF) details how the woke investment manager controls $4.4 billion of equity investments of the Oklahoma Public Employees Retirement System (OPERS)—using that proxy voter authority to advance pro-ESG, anti-energy shareholder resolutions. In its analysis, AAF discovered 54 instances of BlackRock votes on behalf of OPERS in support of ESG-driven shareholder proposals—and against the citizens of Oklahoma, especially when it comes to the state's oil and gas industry: "[T]he proxy votes highlighted in this report cast by BlackRock—votes that effectively weaponize OPERS' own investments against the citizens of the state of Oklahoma—show that BlackRock is regularly supporting shareholder proposals that harm oil and gas companies, as well as the end-users of petroleum products. Additionally, we identify dozens of other votes cast by BlackRock in favor of woke corporate policies that run afoul of Oklahoma values." BlackRock proxy votes in favor of ESG proposals cast on behalf of shareholders of prominent companies among the 54 include:
"This information proves once again why BlackRock must be avoided," AAF President Thomas Jones told the Daily Caller News Foundation., which obtained a copy of the memorandum. "These woke bankers and Wall Street elites are using taxpayer dollars to impose a leftist agenda on America, while making a hefty profit for themselves," Jones warned. Subscribe for free to Breaking Christian News here Read more at the Daily Caller News Foundation.
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