© Reuters. FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson/File Photo
BOSTON (Reuters) – North Carolina’s state treasurer on Friday called for BlackRock Inc (NYSE:) CEO Laurence Fink to resign or be removed from the top asset management firm, “due to his focus on Environmental, Social and Corporate Governance (ESG) initiatives,” according to a press release from the treasurer’s office.
The comments from Treasurer Dale Folwell are the latest from a U.S. Republican politician criticizing BlackRock over sustainable investing. North Carolina state retirement systems have about $14 billion invested through BlackRock, mainly through passive funds, Folwell’s release said.
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