Consumers’ Research (CR), a nonprofit critical of ESG investing, and the American Energy Institute (AEI), an energy advocacy group, released a report arguing BlackRock, the world’s largest asset manager, is still boycotting Texas energy.

The report contradicts BlackRock’s claims and those made by former Texas Comptroller Glenn Hegar (R), who earlier this summer removed the company from the state’s list of financial firms ineligible for government contracts. Hegar argued BlackRock had distanced itself from ESG pledges and no longer met the definition of a prohibited company.

CR and AEI argue the firm’s shareholder voting, investment practices, and involvement in ongoing lawsuits over alleged anti-fossil-fuel collusion show continued boycott behavior.

See here for more on Hegar’s decision and background on Texas’s anti-ESG law.

Ballotpedia tracks support for and opposition to the environmental, social, and corporate governance (ESG) investing movement. To learn more about arguments for, against, and about ESG, click here. For more information on reform proposals related to ESG policy, click here.