AUSTIN, June 4 -- Texas Comptroller Glenn Hegar announced today that the state has removed the world's biggest asset manager BlackRock from the blacklist of companies it claims are "boycotting" fossil fuels, saying that the move came after BlackRock stepped back from participation in global sustainable finance initiatives including Climate Action 100+ and the Net Zero Asset Managers initiative.

A 2024 report by the Sierra Club dispels those holdings claims, revealing how major asset managers, including BlackRock, put peoples' savings at risk by using their money to finance fossil fuel expansion and fuel the climate crisis - including the top 5 asset managers holding $741 billion in shares and bonds of fossil fuel companies.

In response ...