Texas bans BlackRock, UBS, others over ESG investing

On Wednesday, Texas Republican Comptroller Glenn Hegar released a list of 10 companies and 348 investment funds that will be barred from doing business with the state because they “boycott energy companies.”

The list follows enactment of a law last year prohibiting most state agencies and local governments from contracting with such firms.

BlackRock, Credit Suisse and UBS made the banned list, along with sustainable investment funds from other banks.

Source: Texas bans BlackRock, UBS, others over ESG investing