The Big Picture

Vincent Boland: Oil-rich Texas blacklists BlackRock as ESG finds itself in the culture wars

Texas’s state comptroller has accused the investment fund of boycotting the fossil fuel industry – and has started a trend as other US states move to blacklist investment firms with ESG arms

Protest placard with image of Larry Fink, chairman of BlackRock: Wall Street’s leading voice on the need for the corporate world to take climate change more seriously. Picture: Getty