Investment giant BlackRock defended its environmental, social, and governance position Friday with a dedicated website outlining its strategy amid ongoing attacks from Texas officials and Republican lawmakers.
state entities from doing business with BlackRock and other firms the state had identified as "boycotting" oil and gas investments.
"We’re setting the record straight about our focus on energy investing, our responsibilities to clients and how we consider climate risk," the site"Our consideration of the risks and opportunities of a transition to a low-carbon economy is in the interest of realizing the best long-term financial results for our clients and entirely consistent with our fiduciary duty," it continues.
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