FT Aug 24-Texas accuses BlackRock of energy company boycottTexas showdown. Attempting to fight back.
https://www.ft.com/content/1fc2cc54-d364-48ad-aace-30625e5c61f6 Texas accuses BlackRock of energy company boycott in ESG clampdown
Move by US oil and gas-producing state targets 10 financial groups for potential divestment
Texas has declared that BlackRock and nine listed European financial groups “boycott energy companies”, subjecting their shares to potential divestment by state pension funds with billions of dollars under management.
The announcement by Glenn Hegar, Texas comptroller, escalates the campaign against environmental, social and governance investing in Republican-led US states. Florida on Tuesday passed a resolution banning its pension fund managers from taking ESG considerations into account with their investing strategies.