Go Woke, Get The Hell Out: Texas Bans Wall Street Giants Blackrock, Credit Suisse And Others Over Energy Boycott
The Republican state comptroller, Glenn Hegar, named the firms he will prohibit from entering into most contracts with the state and its local entities after his office found they “boycott” the fossil fuel sector.
More than 150 firms were sent detailed inquiries, requesting information on whether they were shunning the oil and gas industry in favor of sustainable investing and financing goals.
As a reminder, the survey was triggered by a GOP-backed state law that took effect on Sept. 1, 2021, and which limits Texas governments from entering into certain contracts with firms that have curbed ties with carbon-emitting energy companies.
Many firms argued that they were simply reacting to customer demand on ESG strategies, but it appears the nation's to producer of crude and natural gas saw straight through the ESG scam.
Larry Fink, Chairman and CEO Blackrock. Blackrock is the world largest hedgefund and investment firm.
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