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BlackRock CEO seeks firm’s removal from Texas prohibited asset manager list (2024)
| Environmental, social, and corporate governance |
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Reuters reported on February 6 that BlackRock CEO Larry Fink has petitioned Texas elected officials to remove the firm from the state’s prohibited asset manager list:
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BlackRock Chief Executive Larry Fink sought to build rapport with Republican officials at an energy investment summit in Houston on Tuesday after Texas blacklisted the asset manager over moves to transition away from fossil fuels. … State Lieutenant Governor Dan Patrick said last month that Fink reached out to him after the state blacklisted BlackRock, and that the two had met twice, with the latest meeting yielding the idea to hold the summit. According to a script of prepared remarks, Fink told the summit on Tuesday that BlackRock could help Texas get $10 billion in private investment to strengthen its power grid, after bouts of extreme weather over the last few years, from heat waves to winter storms, left millions without electricity and heat.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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