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

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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.

 

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