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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > FT Aug 24-Texas accuses BlackRock of energy company boycott
View:
Post by BayStreetWolfTO on Aug 24, 2022 3:24pm

FT Aug 24-Texas accuses BlackRock of energy company boycott

Texas 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.
 
Comment by Hightowntrader on Aug 24, 2022 3:39pm
Of course Texans are viewed as a bunch of Rednecks, but I would love it if more States adopted this kind of thinking.  When the working stiffs find that their hard earned pension funds are losing money in Zoom, there might be a contagious backlash...
Baytex Energy Corp