Trending Politics Conservative News and Commentary
  • Home
  • Politics
  • Commentary
  • Download Trending Politics News App
  • Shop Here
Facebook Twitter
Trending Politics Conservative News and Commentary
  • Home
  • Politics
  • Commentary
  • Download Trending Politics News App
  • Shop Here
Trending Politics Conservative News and Commentary

Go Woke, Go Away: Abbot’s Texas Gives BlackRock, Other Woke Firms the Boot!

By willAugust 25, 2022
Facebook Twitter Email

Well, Governor Abbot of Texas is apparently deciding to ramp up his war on the woke and go on the offensive against woke Wall Street firms like BlackRock over the woke policies pushed by those leftie firms, banning them from doing business with state and local government entities in Texas because of their support of certain woke, ESG policies.

News of that ban came on Wednesday, when Texas Republican Comptroller Glenn Hegar released a list of companies and funds that have been banned from doing business with the state of Texas because they are woke companies/funds that have decided to boycott energy companies.

Though the list, consisting of 10 funds and nearly 350 funds, is too long to reprint here, the highlights on the list were BlackRock, Credit Suisse and UBS, all of which are major investment banks. Now, thanks to Abbot and his comptroller, they’re banned from doing business with government entities the state of Texas.

Describing what sort of factors went into the creation of the list, the comptroller’s office said:

Financial companies identified by the Comptroller’s “initial criteria” of industry classification, ESG data, and public commitments and pledges received a verification request from the Comptroller. In determining the financial companies to be listed in Annex I, the following inquiries were applied:

  • Does the financial company adhere to a broad prohibition on financing oil, gas, and coal?
  • Does the financial company commit to an aggressive reduction in fossil fuel emissions with
    goals of “net zero” prior to 2050?
  • Does the company or its affiliates offer for sale to the public more than 10 US-based funds
    (e.g., mutual funds, ETFs, other investment company or public security) which include a
    prohibition or a restriction on oil and gas investments?

Apparently, after examining companies according to those criteria along with questions such as “Did the financial company fail to respond to the Comptroller verification request?”, the comptroller added the fund/company to the list if the answer to any of the questions was “yes.”

Hegar, speaking about the anti-BlackRock, anti-ESG move in a statement, said:

“The environmental, social and corporate governance (ESG) movement has produced an opaque and perverse system in which some financial companies no longer make decisions in the best interest of their shareholders or their clients, but instead use their financial clout to push a social and political agenda shrouded in secrecy.

“Our review focused on the boycott of energy companies, rather than a review of the entire ESG movement. This research uncovered a systemic lack of transparency that should concern every American regardless of political persuasion, especially the use of doublespeak by some financial institutions as they engage in anti-oil and gas rhetoric publicly yet present a much different story behind closed doors. 

“This list represents our initial effort to shine a light on entities that are engaging in these practices and create some clarity for Texans whose tax dollars may be working to directly undermine our state’s economic health.”

Unless other red states join in and start banning similarly woke companies and firms from doing business within their states, the Texas move is unlikely to have much of an effect on any of the funds or companies involved.

However, it does, at the very least, signal that the GOP is finally ready to start wielding some measure of the power it holds to strike back against the wokies that have done so much to make America a worse place.

By: Gen Z Conservative, editor of GenZConservative.com. Follow me on Facebook and Subscribe to My Email List





Share. Facebook Twitter Email

Read This Next

Tucker Carlson: Media Ignoring Project Veritas’ ‘Bombshell’ Story Reveals Big Pharma’s Bizarre Grip on America

Geraldo Rivera Tries To Bully Matt Gaetz On Live TV, Instantly Regrets It

Pfizer Strategically Releases Statement in Response to Project Veritas Video

AOC On the Verge of Getting Key Position on Oversight Committee



Whatfinger














Download our news app and use promo code ILMF



More Trending Politics

Trump’s Heartwarming Gesture Goes Viral After Woman Asks To Pray With Him

Tucker Carlson: Media Ignoring Project Veritas’ ‘Bombshell’ Story Reveals Big Pharma’s Bizarre Grip on America

WATCH: Trump Hilariously Mocks Joe & Hunter Biden: ‘What’s On The Laptop, Son?, ‘Every Crime You’ve Ever Committed, Pa’

Geraldo Rivera Tries To Bully Matt Gaetz On Live TV, Instantly Regrets It

RSS Patriot Fetch
  • Lying Left Continuing To Use Crying Female Pro-Lifer in Their Propaganda Despite Her Objections
  • Fascist San Diego Set To Tax Drivers by the Mile!
  • Raging Liberal Actress Jane Fonda Finally Uncovers Real Cause Of Climate Change; It’s Just As Stupid As You Think
  • Former President Trump Reveals His Plan To ‘Save American Education’ From ‘Radical Left Maniacs’
  • Bare Shelves Biden Now Working on Raising Your Rent!
Facebook Twitter Instagram
  • About
  • Advertise
  • Sitemap
  • Affiliate Disclosure
  • Partners
  • Terms of Service
  • Privacy Policy
© 2023 Trending Politics News.

Type above and press Enter to search. Press Esc to cancel.