Texas and other states want to punish fossil fuel divestment

Read the full story from NPR.

About ten percent of all investments in the world are now in some kind of environmental or socially aligned fund. And big financial firms like BlackRock – under pressure from shareholders – have joined the trend, attracting investors and positive media coverage by touting environmentally responsible strategies.

But last year, when BlackRock CEO Larry Fink wrote a letter advising companies to prepare for a zero carbon world, there were some places where the reaction was not so positive.

Places like Texas.

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