Many states around the country are weighing their involvement with Blackrock as the firm draws the attention of legislators for their position on net-zero energy and renewable energy. In the past, Blackrock has said that net-zero energy is inevitable and that they support initiatives for renewable energy. 

Nevada has the fourth most state pension funds out of any state invested with Blackrock. Blackrock came under fire in Texas, where Lt. Governor Dan Patrick sent a letter to the comptroller earlier this year requesting that the state disinvest and cease doing business with the firm due to the firm's stance on energy. Blackrock is pushing for a net-zero future. Blackrock has also come under fire for hypocrisy in pushing US towards green energy while remaining invested in PetroChina in China.

In the letter Lt. Governor Dan Patrick sent to Comptroller Glenn Hegar, Lt. Gov. Patrick asked that the Comptroller include financial behemoth BlackRock on the official list of companies boycotting energy companies in Texas. He said, "As you prepare the official list of companies that boycott energy companies, I ask that you include BlackRock, and any company like them, that choose to hurt Texas oil and gas energy companies by boycotting them in violation of Senate Bill 13. These statements indicate that BlackRock is capriciously discriminating against the oil and gas industry by exiting investments solely because companies do not subscribe to a “net zero” policy beyond what is required by law."

Consumer's Research Executive Director Will Hild noted in an interview posted on YouTube on that Larry Fink, the CEO of Blackrock, is taking actions that '"are betraying the American consumer." Regarding Fink and Blackrock pushing Americans towards green energy, Hild continued that "He's not doing anything like that to the Chinese Communist Party. They're invested in PetroChina there and don't mess with any of their assets."

According to 2019 estimations from the United States Energy Information Administration, Nevada's end use consumption by source, excluding losses, breaks down in the following way: 1.1 percent from coal, 19.6 percent from natural gas, 54.8 percent from petroleum, 2.8 percent from renewable energy, and 21.7 percent from electricity. Electric power sector consumption by source is dominated by natural gas (61.3 percent) and renewable energy (29.4 percent). Coal (9.3 percent) accounts for the remainder. As of 2019, 85 percent of energy consumed in Nebraska was imported. Eight of the states ten largest power plants by capacity are powered by natural gas.

Some states have already decided to no longer do business with Blackrock. On Jan. 17, West Virginia State Treasurer Riley Moore announced that the Board of Treasury Investments, which manages the state's $8 billion in operating funds, will no longer use BlackRock Inc. The move was inspired by recent reports that BlackRock was urging companies to embrace "net zero" investments and investment strategies, according to the State Treasurer. This would harm the coal, oil, and natural gas industries, of which West Virginia heavily relies on. It was also motivated by Blackrock's investments in Chinese firms that pose investment risks and are not in the interests of the United States.

BlackRock CEO Larry Fink wrote a 2022 letter to BlackRock invested companies where he said businesses not anticipating a carbon-free future risk being left behind and that it was a focus of BlackRock to help lead the transition to "net-zero." The letter also said that "climate rise is investment risk" and BlackRock would be "exiting investments that present a high sustainability-related risk" while "launching new investment products that screen fossil fuels." BlackRock was founded in 1988 and manages $10 trillion.