Oklahoma Says JPMorgan, BlackRock, Others ‘Boycott’ Oil (1)

Oklahoma on Wednesday listed BlackRock Inc., Wells Fargo & Co., JPMorgan Chase & Co., and Bank of America Corp., among 13 financial institutions that the state claims have engaged in activities that amount to a “boycott” of the fossil fuel industry, a move by Republicans to limit what government business the firms can perform there.

A state law passed last year requires Treasurer Todd Russ to compile the list after sending out questionnaires to financial institutions to determine if they have policies that the state would consider hostile in some way to the oil and natural ...