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BlackRock, BNP Paribas, and Credit Suisse are among the list of firms that Texas has just issued that will now be banned from working with the state due to their hostility to the energy industry.

After almost a year of suspense that cost banks business as Texas municipal-bond issuers avoided firms whose status was unclear amid the probe, Bloomberg reports that Glenn Hegar, the Republican state comptroller, on Wednesday named the firms he will prohibit from entering into most contracts with the state and its local entities after his office found they “boycott” the fossil fuel sector.

BlackRock, BNP Paribas, and Credit Suisse are among the list of firms that Texas has just issued that will now be banned from working with the state due to their hostility to the energy industry. After almost a year of suspense that cost banks business as Texas municipal-bond issuers avoided firms whose status was unclear amid the probe, Bloomberg reports that Glenn Hegar, the Republican state comptroller, on Wednesday named the firms he will prohibit from entering into most contracts with the state and its local entities after his office found they “boycott” the fossil fuel sector.

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[–] • 2 pts

this is how you do it. Fight with money. This may not be the death blow to them by a long shot, but now that the process is done it is much easier for other states to follow suite.

It's also great that they are named in a nice little list like that.

[–] • 3 pts

It's about stopping the ESG shit in it's tracks. That's how we break the framework for this back door communism.

[–] • 1 pt

You're spot on though. People who are all and always for substantial and significant "death blows" now now now are missing the picture. That wouldn't work and would cause greater pushback.

[–] [deleted] • 1 pt

Exactly. Sometimes it just takes one state to set the example, to get the ball rolling. If one state can give the finger to a company like Blackrock, it may just inspire other states to grow a set.