It's one thing to burn investment dollars that are your own, but to do so with educational system dollars? That is a very Texas thing to do.
Doubly ironic that TX is installing more solar/wind than almost any other state.
Triply ironic that they're attempting to claim that Blackrock is some libtard tree-hugger organization...
Texas has a teacher shortage [1] and ranks as one of the most uneducated states [2]. This does no favors to those who need the educational system. And those making these decisions will be long dead while those impacted will continue to live the remainder of their lives sub-optimally from these decisions.
[1] https://www.texastribune.org/2023/12/20/texas-teacher-shorta...
[2] https://www.kxan.com/news/education/texas-is-one-of-the-most...
The existence of rapidly growing clean energy companies is only meaningful if BlackRock can reliably pick those winners in advance. A quick Google search for their clean energy funds returned two. Over the last 5 years, ICLN underperformed the S&P 500 by 50%. BECO gave negative returns. Yikes!
https://www.google.com/finance/quote/ICLN:NASDAQ?window=5Y&c...
Texas funds should be avoiding oil&gas: otherwise they are exposed to a double-whammy if the sector tanks.