Bloomberg reports that BlackRock Inc., while being banned from Texas public pension plans because it discriminates against the oil and gas industry, is still investing in oil and gas companies, including some in Texas.
This week, OK Energy Today reported an SEC filing by Vital Energy Inc. of Tulsa showed BlackRock was a nearly 14% shareholder of the firm. The firm also remains banned from Oklahoma pubic pension funds because of its ESG policy that had discriminated against the oil and gas industry.
Bloomberg News conducted an analysis and discovered 72 BlackRock funds on the Texas banned list had invested more than $2 billion in the oil industry.
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