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: Foreign Cash Could Be the Culprit Turning Our Kids into Terrorist Sympathizers

Texas A&M

Shortly after Hamas’ Oct. 7 attack on Israel, a Harvard CAPS-Harris X poll found that 48 percent of Americans ages 18-24 supported Hamas over Israel. This is in direct contrast to 95 percent of Americans 65 years of age and older who sided with Israel. This stark difference begs the question: why do half of young Americans support a group that has been designated by the State Department as a Foreign Terrorist Organization since October 1997? Our ongoing fight for transparency suggests at least some of the answers lie in Qatar’s pocketbooks.

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