Texas has lifted its boycott on BlackRock Inc., allowing state funds to resume investments in the asset manager after a three-year exclusion.

The Texas Tribune reports the decision follows BlackRock’s withdrawal from the UN-backed Net Zero Asset Managers coalition earlier this year and its relaxation of restrictions on oil and gas investments. Texas Comptroller Glenn Hegar highlighted BlackRock’s exit from climate-focused industry groups as a primary reason for the reversal.

Regardless of the reasons for BlackRock’s reinstatement, the company’s CEO, Larry Fink is still committed to the cause of ESG and DEI that they’ve supported for sometime. Fink and his honchos are obviously laying low and will undoubtedly be back when the coast is clear with another feel-good, woke program along the same lines to push companies back into the leftist camp.

PHOTO CREDIT: Pixabay