Louisiana liquidates assets with BlackRock over ‘anti-fossil fuel policies’

Sometimes politics mixes with business like oil and water. Republican states are making that clear by defending their oil and energy sectors against investment banks who have openly taken a stance against fossil fuels. Louisiana is the latest state to do so by backing out of their business dealings with BlackRock. BlackRock is an investment company committed to policies limiting commercial engagement with the fossil fuel industry. But those policies would in turn not benefit state economies that rely on their energy sector like Louisiana.

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