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Texas effort to punish BlackRock over green-energy policies receives widespread GOP support

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FIRST ON FOX: A large coalition of right-leaning organizations and officials from across the country are throwing their weight of support behind Texas' effort targeting BlackRock.

FIRST ON FOX: A wide coalition of dozens of conservative groups and elected officials are backing Texas in response to the state's decision to cancel an $8.5 billion investment with trillion-dollar asset manager BlackRock, a New York-based asset manager.

On March 21, two days after Kinsey made that announcement, BlackRock Vice Chairman Mark McCombe issued a letter to him saying the firm was "dismayed" and arguing the action puts "short-term politics over your long-term fiduciary responsibilities." He defended BlackRock's actions, stating they were in accordance with the law and that they do not engage in a boycott of the traditional energy sector.

 

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