News Formal

Oklahoma the latest state to boot BlackRock, other firms over ESG investment

  • 📰 WashTimes
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The world’s largest financial institutions were blacklisted Wednesday by Oklahoma from doing business with state entities over their support of the climate change-focused investment strategy ESG.

In a statement to The Washington Times, JPMorgan Chase fired back at Mr. Russ by calling his decision “anti-free market” and denied that the bank is discriminatory against oil.

The Oklahoma Legislature laid the groundwork for Mr. Russ’ action with an anti-ESG law last year letting him punish corporations deemed to be boycotting fossil fuel.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 235. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oklahoma bans more than a dozen woke banks from doing business with the stateOklahoma announced sweeping actions to ban 13 prominent financial institutions from doing business in the state after an internal review found the companies engage in energy boycotts.
Source: FoxBusiness - 🏆 458. / 53 Read more »