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Texas Republicans Pressure Wall Street Over Climate Policies (1)

April 26, 2022, 10:01 PM

Texas Republicans are intensifying their campaign against Wall Street’s embrace of sustainable investing.

State Comptroller Glenn Hegar is demanding that more than 140 financial firms disclose their climate policies -- and whether they restrict or prohibit doing business with energy companies. The firms include private equity giants such Blackstone Inc. and Apollo Global Management Inc. and lesser-known players like Angel Oak Capital Advisors.

Hegar’s salvo follows a first round of inquiries sent last month to 19 companies, including BlackRock Inc. and JPMorgan Chase & Co. His goal: compile a list of companies that, under Texas law, are deemed to ...