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Stock impact report

Texas may offer exit path for sanctioned financial firms [Reuters]

BlackRock, Inc. (BLK) 
Last blackrock, inc. earnings: 4/16 06:02 am Check Earnings Report
US:NYSE Investor Relations: ir.blackrock.com
Company Research Source: Reuters
Dec 5 (Reuters) - A Texas official has offered big financial companies a potential avenue to leave an energy sanctions list if they drop out of corporate groups aiming to limit global emissions, though attorneys were skeptical they would do so. The concept is detailed on the website of Texas Comptroller Glenn Hegar, who in August listed BlackRock Inc (BLK.N) and nine European banks as "boycotting" the energy industry under the terms of a new state law because of their environmental policies. The listings may lead to lost business with state agencies and are part of broader Republican pressure against the growing use of environmental, social and governance (ESG) factors in investing. A Nov. 18 update of a document on Hegar's website spells out that even though companies may own oil or coal stocks, the "boycott" designation may still legally apply. The update also includes new details about steps companies can take to be removed from the list. It now states "an entity that is Show less Read more
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