🚨AAF exposes University of Texas/Texas A&M money used for ESG

Funds were leveraged to push the left's woke agenda

Sep 29, 2024

🚨AAF exposes University of Texas/Texas A&M money used for ESG

DAILY CALLER: Several asset managers leveraged two major Texas university systems’ endowment funds to advance anti-fossil fuel shareholder proposals in 2022 and 2023, according to a report from the conservative watchdog group American Accountability Foundation (AAF).

BlackRock-owned Aperio Group, Cantillon, former Vice President Al Gore-chaired Generation Investment Management, GQG Partners and JP Morgan Asset Management collectively manage approximately $4 billion for The University of Texas/Texas A&M Investment Management Company (UTIMCO) as of July, which handles the university systems’ endowments. Despite the company’s policy against it and Texas’ status as the leading crude oil and natural gas-producing state, UTIMCO’s asset managers backed over 150 shareholder resolutions under the environmental, social and governance (ESG) umbrella, including proposals that could undermine the oil and gas industry, according to documents AAF obtained through a public records request and shared exclusively with the Daily Caller News Foundation.

“Once again, woke ESG ideology has infected a public institution and hijacked its money for their own purposes. This is an outrageous betrayal of the public’s trust,” AAF president Thomas Jones told the DCNF. “[Texas] Gov. Greg Abbott must take immediate action to end this nonsense. He must shake up the leadership at UT/A&M that let this happen and use his influence with UTIMCO to ensure that it never happens again.”

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AAF exposes graphic gender materials promoted on US Air Force base

The American Accountability Foundation has obtained photos of a display promoting books like "Gender Queer" and "This Book Is Gay" at Eglin Air Force Base.

These books are so sexually explicit and ideologically extreme that parents across the country have insisted that they be removed from school libraries.

Our troops don’t deserve this being shoved in their faces.

[READ FULL]

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