BlackRock pushed back on Texas’ decision to pull $8.5 billion in investment from the asset manager over ESG policies The world’s largest asset manager, BlackRock, is pushing back on Texas’ decision to withdraw roughly $8.5 billion […]
(Reuters) A Texas school fund told BlackRock it was terminating its contract to manage around $8.5 billion of state money, accusing the investment giant of boycotting fossil fuel energy producers, who represent a large part of […]
FIRST ON FOX: The State of Texas is terminating a massive $8.5 billion investment with trillion-dollar asset manager BlackRock over the state’s determination that the firm is engaged in a boycott of energy companies. In an announcement first […]
Daily Standup Top Stories Biden’s scaled-back power rule raises doubts over US climate target March 6, 2024 Stu Turley March 5 (Reuters) – The Biden administration’s decision to exclude the existing U.S. fleet of natural gas […]
Key Takeaways BlackRock and Morgan Stanley agreed to buy TC Energy’s Portland Natural Gas Transmission System in a deal worth $1.14 billion. The move comes not long after BlackRock agreed to buy Global Infrastructure Partners […]
Daily Standup Top Stories Even the World’s Biggest Electric-Vehicle Market Is Slowing February 18, 2024 Stu Turley HONG KONG—Chinese electric-vehicle makers that enjoyed years of explosive growth now face a slowdown in domestic demand, spurring them to push […]
Direct air capture is a worthwhile investment, according to money manager BlackRock, which just invested more than half a billion of its clients’ dollars in the world’s largest facility for pulling carbon out of the […]
A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a climate change investor initiative that aims to pressure companies to quickly cut carbon emissions. JPMorgan Asset Management, which […]
Daily Standup Top Stories Winter Freeze Cuts U.S. Natural Gas Output January 15, 2024 Mariel Alumit Sub-zero temperatures in much of the United States have frozen gas wells, leading to the drop in production to the […]
Investment management giant BlackRock has struck a $12.5 billion deal for Global Infrastructure Partners (GIP) in preparation of an expected surge in worldwide infrastructure needs, driven partly by the low-carbon energy transition. “If we are […]
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