West Virginia DIVESTS funds from pro-China BlackRock Investment Company
BlackRock investments has become more focused on investing in Chinese interests and against American energy, and now West Virginia’s Treasurer Riley Moore is taking action.
West Virginia will no longer be investing taxpayer dollars in investment company BlackRock due to the corporation’s support for the Chinese Communist Party and its opposition to American oil and gas.
“Today I announced my office will no longer use BlackRock, Inc. investment fund for banking transactions. Any company that thinks Communist China is a better investment than WV energy or American capitalism clearly does not have the best intentions for WV,” West Virginia Treasurer Riley Moore tweeted.
“The decision was based on recent reports that BlackRock has urged companies to embrace ‘net zero’ investment strategies that would harm the coal, oil and natural gas industries, while increasing investments in Chinese companies that subvert national interests and damage West Virginia’s manufacturing base and job market,” State Treasurer Riley Moore announced.
“As the state’s chief financial officer and chairman of the Board of Treasury Investments, I have a duty to ensure that taxpayer dollars are managed in a responsible, financially sound fashion which reflects the best interests of our state and country, and I believe doing business with BlackRock runs contrary to that duty,” Moore said.
Conservatives on social media praised the decision.
Laura Ingraham also covered the major actions taken against China on her nightly Fox News show.
Do you think more states should do this? Do you think Blackrock should be federally investigated? Let us know below!