STATE INVESTMENT COUNCIL LOOKS AT SHIFTING BUSINESS FROM BLACKROCK AS INVESTMENT ADVISER

LINCOLN- The Nebraska Investment Council heard presentations from multiple investment managing groups this week as the council considers shifting Nebraska's adviser. This all comes as some investment firms, and primarily BlackRock, have come under fire for allegedly prioritizing divestment in fossil fuels in favor of investments in green energy and firms with emission goals.

Nebraska State Treasurer John Murante, a non-voting member of the Investment Council, has suggested that BlackRock is advancing a “left-wing agenda.” Attorney General Mike Hilhers picked up where Doug Peterson left off in criticizing the practice of environmental, social and governance investing.

The Council heard presentations from BlackRock and their competitor Vanguard. Gail Werner-Robertson, an Omaha businesswoman who chairs the Investment Council, said that the board plans more study before making any changes in the management of the state’s investments.

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