The Wall Street Journal

BlackRock Is Off Texas’ Blacklist. Where the ESG Battle Stands Now.

The world’s largest asset manager can now do business with Texas—here’s where it stands in other states

BlackRock CEO Larry Fink.
BlackRock CEO Larry Fink. Photo: Bloomberg News

BlackRock notched a significant win in its yearslong effort to put the responsible investing controversy behind it, after Texas on Tuesday removed the asset manager from the list of companies that it accuses of boycotting the oil and gas industry.

Texas pension funds and state investment accounts can once again do business with the world’s largest asset manager, ending a nearly three-year blacklist from the largest state that has sought to punish Wall Street firms for their climate policies.

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