BlackRock & Other Financial Companies Banned From State Business in Oklahoma Over Woke ESG Policies

‘It is essential for us to work with financial institutions that are focused on free-market principles and not beholden to social goals that override their fiduciary duties.’

The Oklahoma State Treasurer’s Office has announced that it will bar 13 major financial institutions, including BlackRock, J.P. Morgan, and Bank of America, from doing business with the state over their boycotting of energy companies in the name of so-called “environmental, social, and corporate governance” (ESG) standards.

The move is the latest in a national trend of pushback against the proliferation of ESG scoring systems in the financial sector, which incentivizes investing in companies not on the basis of their performance for customers and shareholders but rather on their fealty to so-called “social justice” principles such as diversity and environmentalism. ESG is one of the reasons why so many companies in recent years have attempted to influence public policy on issues such as homosexuality, transgenderism, race relations, and abortion.

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www.lifesitenews.com/news/oklahoma-blacklists-blackrock-other-financial-companies-from-state-business-over-woke-esg-policies/

h/t eqzfrich

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