BlackRock has Not Changed – Still Attacks O&G, Promotes Renewables

BlackRock, the world’s largest investment firm with some $9 trillion of assets under management, managed to get itself off the poopy list in Texas by ending its participation in a number of so-called ESG (environment, social, governance) groups and by groveling before Texas officials. The Texas Permanent School Fund (PSF) pulled $8.5 billion of its investments away from BlackRock in March 2024 after the state determined that BlackRock was engaged in a boycott of energy companies by pressuring companies to avoid the fossil fuel sector by using ESG litmus tests (see Texas Yanks $8.5 BILLION Out of BlackRock re ESG). BlackRock was not happy (see BlackRock Pitches a Fit Over Texas $8.5B Divestment Due to ESG). So the company worked hard to get off the banned list, which occurred in June (see Texas Removes BlackRock from Banned List After Co. Axes Net-Zero). Except, it never should have been removed. The company has NOT changed.

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