US EditionBlackRock Removed From Texas Blacklist After Climate Policy Rollback
- The Texas Comptroller's office removed BlackRock from the list of companies boycotting the fossil fuel industry on June 3, 2025.
- This removal followed BlackRock's rollback of environmental initiatives, including stepping back from net-zero alliances and aligning with state law.
- BlackRock invests over $400 billion in Texas, including $120 billion in Texas public energy, and aids state economic efforts such as the planned Texas Stock Exchange.
- Glenn Hegar, the Texas Comptroller, described the decision to delist BlackRock as a significant achievement linked to the company’s policy adjustments, expressing hope that these steps mark a lasting change.
- Although removed from the list, BlackRock remains under scrutiny with ongoing lawsuits alleging anti-competitive behavior and objections from climate advocates.
19 Articles
19 Articles
Texas Removes BlackRock From Investment Blacklist
Texas Comptroller Glenn Hegar removed BlackRock Inc. from a list of financial companies banned from dealing with the state due to its boycott of the oil and gas sector, the Texas Comptroller’s Office said in a June 3 statement. Texas passed Senate Bill 31 in 2021, prohibiting state entities from investing in financial companies that boycott energy businesses. In these cases, the financial organizations would refuse to deal with energy companies,…
BlackRock removed from Texas boycott list after quitting climate groups
https://www.reuters.com/sustainability/climate-energy/blackrock-removed-texas-boycott-list-after-quitting-climate-groups-2025-06-03/ By Ross Kerber (Reuters) – Texas on Tuesday removed BlackRock (BLK.N), opens new tab from a list of companies seen as boycotting the energy industry, a step the New York asset manager won only with steep cuts to its climate ambitions. Texas Comptroller Glenn Hegar said the decision reflected BlackRock’s retreats fr…
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