BlackRock Claims It Doesn’t Advocate for Fossil Fuel Divestment

So far two states (that we are aware of) are either threatening, or already are, removing state investments from any funds managed by BlackRock Inc. Other states are considering it. We told you about West Virginia removing its investments with BlackRock back in January (see Hooray! WV Fights Back, State Drops Investments with BlackRock Fund). Last year Texas voted to divest from companies like BlackRock that try to pressure investors to divest from fossil fuels. It's taken all this time, but the Texas State Comptroller’s office is now considering its next steps and which companies to divest from. BlackRock is at the top of list. The company is scared (as it should be), furiously trying to backpedal on its statements to divest from fossil energy.

---

To view this content, log into your member account. (Not a member? Join Today!)