Black Rock blackballed in Virginia over greenhouse gas efforts

West Virginia Treasurer pulls banking contracts from BlackRock over anti-energy concerns.

 

The movement hasn’t hit Oklahoma yet, but BlackRock, the world’s largest asset manager with nearly $10 trillion under its management and a major player in Oklahoma energy projects is targeted by West Virginia for its greenhouse gas emissions reduction efforts.

State treasurer Riley Moore recently told Fox News that investing in BlackRock would be “a clear conflict of interest since the company aims to cut the greenhouse gas emissions of its portfolio to net-zero. He said the West Virginia Board of Treasury Investments will no longer use BlackRock for banking transactions.

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