Texas subpoenas BlackRock to discover how much taxpayer money has been 'wasted in woke ESG funds'

The controversy over investment titan BlackRock's focus on environmental, social and corporate governance (ESG) issues is heating up, after Texas state lawmakers subpoenaed the company's records in a probe into the issue.

The legislative subpoena, issued last month and reviewed by DailyMail.com on Wednesday, commands BlackRock to hand over documents related to its ESG strategy for a December 15 hearing of the Texas Senate's Committee on State Affairs.

It follows mounting criticism of BlackRock from Republican lawmakers and state officials, who accuse the firm of putting social and political goals ahead of earning returns for investors and retirement savers. 

Texas State Senator Bryan Hughes, the Republican chair of the Texas committee, said that requests for the documents had been issued to BlackRock and three other major financial firms in August, but that 'some have provided more than others.'