The Texas legislature subpoenaed BlackRock and any of its subsidiaries and affiliate entities last month for any documents related to the asset manager’s effort to push Environmental, Social, and Governance (ESG) policies.
as stances associated with climate change, as well as the Diversity, Equity, and Inclusion agenda. Wall Street firms, such as BlackRock and others, sell ESG as a way to invest according to specific criteria that the political left pushes on voters and consumers.
The Committee needs these documents to uncover the extent to which these firms have been playing politics using Texans’ hard-earned money. Next week we will hold a hearing where each firm will appear and give account to the people of Texas. … While each firm has produced documents, some have provided more than others. BlackRock in particular has refused to provide documents it considers internal or confidential.
Earlier in the week, the committee chairman announced they would hold a hearing on December 15 to discuss the impact ESG policies from Wall Street financial institutions have on Texans. Reportedly the committee invited officials from the companies to testify, including BlackRock.
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