BlackRock Keeps $7 Billion Pension Contract After ESG Law Pause

The Oklahoma Public Employees Retirement System approved the extension of investment contracts with BlackRock Inc., a decision that comes after a judge paused the state’s anti-ESG law targeting the company.

Pension board members extended the contracts with BlackRock for the management of $7.3 billion of investments at a Thursday meeting, said Joe Fox, executive director of the pension, in an email.

BlackRock is one of the firms on a list of companies that Oklahoma’s Republican Treasurer, Todd Ross, says “boycotts” the fossil fuel industry. The list was created as a result of a state law called the Energy ...