Overview
- Texas Comptroller Glenn Hegar removed BlackRock from the boycott list, citing the firm’s rollback of climate commitments.
- BlackRock resigned from Climate Action100+ and fully exited the Net Zero Asset Managers initiative earlier this year.
- The delisting clears the way for state pension funds and agencies to resume investments with the firm.
- BlackRock backed a Texas-based stock exchange set to launch in 2026 as part of its policy realignment.
- Legal disputes persist with SB13 facing a constitutional challenge and Attorney General Ken Paxton’s investment-cartel suit against BlackRock still pending.