Thu Aug 25, 2022 – 5:22 pm EDT
AUSTIN, Texas (LifeSiteNews) — The Republican-led state of Texas has prohibited BlackRock and a host of other firms from doing business within state borders due to their promotion of left-wing climate ideology.
On Wednesday, Texas state Comptroller Glenn Hegar released a list of firms that will be barred from “entering into contracts with state and local” governmental agencies, Breitbart reported. The list, which followed a lengthy investigation into corporations that undercut the oil and gas industry, named investment giant BlackRock along with and nine other financial firms.
The world’s largest asset manager, BlackRock boasts such big-ticket holdings as Amazon, Apple, Microsoft, and Tesla, according to filings with the Securities and Exchange Commission (SEC).
The mega firm has drawn criticism from conservatives for its apparent left-wing ideology, including its embrace of controversial Environmental, Social, and Governance (ESG) investing, the Daily Wire pointed out.
The state government of Texas is cutting ties with BlackRock, UBS, and other firms that are hostile toward fossil fuels, Texas Comptroller Glenn Hegar revealed on Wednesday. https://t.co/vaQ6mXk8xJ pic.twitter.com/WHMgzakvCe
— Daily Wire (@realDailyWire) August 24, 2022
ESG scores are designed to promote investment in companies that
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