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Some States Ban Pension Plans from Dealing with ESG-Backing Firms
Chief Investment Officer [CIO] May 27, 2022 "In Texas, West Virginia and Kentucky, legislatures have required state funds to limit transactions with companies that divest oil, natural gas and coal, according to news reports. West Virginia and Arkansas recently pulled out pension money run by BlackRock, whose chief has been vocal about fighting climate change. In Texas, a new law prevents state agencies from doing business with companies that the state comptroller determines are 'boycotting' fossil fuels." |
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