BATON ROUGE, LA – In January, Attorney
General Jeff Landry called on Treasurer John Schroder to no longer invest
with BlackRock Inc. after discovering the firm’s embrace of net-zero emissions
policies regarding domestic energy production. Then in August, Attorney General
Landry launched an investigation which showed that BlackRock may have violated
its fiduciary duty of loyalty owed to their investor-clients in Louisiana –
leading to Attorney
General Landry issuing legal guidance to the Treasurer. So in response to
the State divesting $794M from BlackRock, Attorney General Landry issued the
following statement:
“I am grateful the Treasurer heeded my call to push back
against BlackRock who seems to prioritize their own agenda on climate change,
politics, and other self-interests over their client’s best interests. I hope
the Treasurer will continue to stand with me in ensuring entities doing
business with our State and her people follow the law and prioritize
Louisiana’s people and industry.”