BlackRock, the world’s largest investment management company, is using Oklahomans’ pension funds to promote radical leftist Environmental, Social and Governance (ESG) policies, a new analysis reveals.
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.”
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