Texas AG Joins GOP Peers Slamming Larry Fink on ESG Policy (1)

Texas Attorney General Ken Paxton said Monday that he joined a group of Republican state officials accusing BlackRock Inc. Chief Executive Office Larry Fink of relying on sustainable investments instead of shareholders’ profits.

A group of attorneys general from 19 US states led by Arizona’s Mark Brnovich wrote a letter last week saying the world’s largest asset manager is pursuing environmental, social and governance investment policies to the detriment of their state pension funds. The attorneys general represent mainly Republican-led, energy-producing states including Montana and West Virginia.

“Our states will not idly stand for our pensioners’ retirements to be ...