While BlackRock, Inc, is on the “outs” as far as the State Treasurer is concerned because of its controversial ESG policies, the large investor still has investments in one Oklahoma oil and gas firm.
An SEC filing by Vital Energy Inc. of Tulsa this week showed BlackRock has a nearly 14% investment in the company. The filing revealed BlackRock owned 13.9% of Vital’s shares and it amounted to 3,901,625 shares.
BlackRock had been among those firms that were banned from handling state pension or retirement investments because it had discriminated at one time against oil and gas firms through the use of its ESG policies.