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Missouri Latest State To Divest From BlackRock Over 'Woke Political Agenda'

• by Katie Spence

State Treasurer Scott Fitzpatrick announced the plans on Oct. 18.

The realignment followed Louisiana's Oct. 5 announcement on its pending removal of $794 million from BlackRock, and divestments of $100 million and $125 million by Utah and Arkansas, respectively.

The withdrawals result from BlackRock's environmental, social, and governance (ESG) initiatives and its prioritization of a "woke political agenda."

"We should not allow asset managers such as BlackRock, who have demonstrated that they will prioritize advancing a woke political agenda above the financial interests of their customers, to continue speaking on behalf of the state of Missouri," Fitzpatrick told Fox Business.

Fitzpatrick's statement echoes Louisiana Treasurer John Schroder, who stated in an Oct. 5 letter to BlackRock CEO Larry Fink, "Your blatantly anti-fossil fuel policies would destroy Louisiana's economy. … We cannot be party to the crippling of our own economy."