BlackRock Inc., the world’s largest investment firm with $10 trillion in assets under management, is beginning to feel the heat of its anti-fossil fuel strategy. BlackRock is, without question, anti-fossil fuel energy. Yet the company and its representatives object when being outed as what they are, claiming they still love love love oil and gas companies. It’s not true. BlackRock pressures investors and investment funds to divest from fossil energy companies on the premise those companies are harming the planet. BlackRock itself is now being “harmed” by states like West Virginia, which has decided to end doing business with the company (see WV Ends Business with 5 Banks Guilty of Boycotting Fossil Fuels). Other states are in line to cut the tie too, including Texas and Oklahoma.
BlackRock Inc., the world’s largest investment firm with $10 trillion in assets under management, is beginning to feel the heat of its anti-fossil fuel strategy. BlackRock is, without question, anti-fossil fuel energy. Yet the company and its representatives object when being outed as what they are, claiming they still love love love oil and gas companies. It’s not true. BlackRock pressures investors and investment funds to divest from fossil energy companies on the premise those companies are harming the planet. BlackRock itself is now being “harmed” by states like West Virginia, which has decided to end doing business with the company (see 