BlackRock Inc., a major investor in oil and gas operations across the U.S. including those in Oklahoma is trying to persuade Texas pension fund operators it’s not as anti-oil-and-gas as it sounded in the past.
The New York City-based company, the world’s largest asset manager with $10 trillion in assets under management as of January 2022, now is sending a message that it’s really a friend of oil and gas.
What prompted the move? In Texas, new legislation requires the state’s comptroller, Glenn Hegar, to draw up a list of financial companies that boycott fossil fuels.
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