The state of Oklahoma on Wednesday unveiled a list of financial institutions it had determined to be boycotting the state’s energy industry, indicating it would divest state assets from those firms.
Treasurer Todd Russ announced the 13 institutions after sending a a questionnaire to numerous companies in the state regarding their practices, pursuant to state law . Companies that make the list may either reverse their practices and cease boycotting the state’s energy industry, or face a mandatory divestment of state funds from their organizations.
Among those firms the state considers to be boycotting its energy industry are asset managers BlackRock and State Street, as well as major banks Wells Fargo and Co, JPMorgan Chase & Co, and Bank of America Corporation.
Grosvenor Capital Management, Lexington Partners, FirstMark Fund Partners, LLC, Touchstone VC Global Partners, WCM Investment Management, William Blair, Actis LLP, and Climate First Bank rounded out the list.”The energy sector […]
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