Energy News on Business Daily

West Virginia once had approximately $2.1 billion of its state pension funds managed by BlackRock, Inc., but it recently decided to leave that money management firm because the state is at odds with BlackRock’s investment strategy.

Arizona has some of the highest gas prices in the country as crude oil prices touch the ceiling.

In response to the Russian invasion of Ukraine, Texas-based ExxonMobil has announced that it is discontinuing ongoing projects and investments in Russia.

HSBC Holdings Inc. will consider net zero emissions plans for the companies that it invests in, though it has been criticized for not being strict enough.

New York's pension fund will be divesting of multiple fossil fuel investments for reportedly not preparing enough to meet carbon neutral goals, but the state's pension funds still has billions connected to investments in China, one of the most pollution-heavy nations.

The U.S. Department of Energy recently told an appeals court that federal law does not stand in the way of local governments banning new natural gas hookups.