Texas Republicans Pressure Wall Street Over Climate Policies (1)

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 ...