Lawmakers in Texas scheduled a hearing for next week with asset management companies over alleged mismanagement of taxpayer dollars driven by ideological motives.
The Texas Senate Committee on State Affairs requested documents from BlackRock, Vanguard, State Street, and Institutional Shareholder Services relevant to the firms’ promotion of the environmental, social, and governance movement, also known as ESG, four months ago. Hearings will begin on December 15 in the city of Marshall, Texas.
“The Committee needs these documents to uncover the extent to which these firms have been playing politics using Texans’ hard earned money,” State Sen. Bryan Hughes (R-TX) said in a statement provided to The Daily Wire. “Next week we will hold a hearing where each firm will appear and give account to the people of Texas.”
