Updating the BlackRock v. Texas divestment conundrum

What is happening? State of Texas officials have asked that the State Comptroller include BlackRock on the divestment list maintained by the Comptroller. Some say BlackRock is on the side of divestment from fossil fuels.

Why is this important? “[Texas Comptroller] Glenn Hager’s office is still working this up… “

How will this be important? BlackRock also has a segment that focuses on how to make companies carbon neutral. Some say BlackRock encourages reliable energy supplies and affordable energy supplies. Balance that with the sustainability reports made publicly by major fossil fuel companies and perhaps everyone is talking about the same thing in the industry.

Texas Standard | How an enormous investment company is responding to Texas pressure over climate policies