Patrick Partners with BlackRock on Texas Power Grid After Previous Clashes
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Lt. Gov. Patrick previously led calls to boycott BlackRock for lack of fossil fuel investments, but is now working with them on a power grid investment summit.
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Patrick and BlackRock CEO Larry Fink scheduled to appear together at Feb. 5-6 summit in Houston to attract investors to Texas power grid.
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Summit follows Patrick's push for incentives and loans to build new natural gas plants to strengthen grid after 2021 blackouts.
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Patrick has had two recent meetings with Fink after previously criticizing BlackRock for divesting from fossil fuels.
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Texas pension funds divested over $500 million from BlackRock in 2023 due to state boycott of firms deemed hostile to oil and gas industry.