Investment Giants Leveraged Texas Universities’ Endowment Funds to Back Anti-Oil Agenda, Report Finds

UT Austin

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.

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Commentary: Five Ways Campus Turmoil Hurts Democrats and America

Campus protesters

Higher education is sinking lower and lower. That’s bad news for our country, which has benefited enormously from having the world’s best system of higher education. And it’s bad news for Democrats, who face a tight election. Their party is closely tied to education at all levels, especially at elite universities. It is the party of experts, after all, and the party of the left. Universities are both. Moreover, since the Democrats control the Executive Branch, the public holds them primarily accountable for ensuring social order. Their failures are obvious to the average voter. That’s bound to hurt Democratic Party candidates in November.

Parents with children in college or expected to matriculate soon have every right to expect their kids can learn in peace, hear diverse viewpoints, and speak freely without threats, intimidation, or indoctrination. That’s true whether the parents are Jewish or not. Decent Americans won’t tolerate threats against Jewish students any more than they would tolerate them against blacks, Muslims, Christians, or Asian Americans. Yet they now see those threats against Jewish students every day, and, at many universities, they don’t see administrators standing up for their rights.

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