The Texas Permanent School Fund (PSF) is pulling $8.5 billion from the investment firm BlackRock over its use of environmental, social and governance (ESG) policies.
The board informed the investment firm that it was being terminated as the manager of the Navarro 1 Fund in a Tuesday letter, which it provided to the Daily Caller News Foundation. The divestment represents the largest from the private firm, according to Fox Business Network.
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