"As part of our process [of] creating the list of financial companies deemed to be boycotting the oil and gas industry, we heard firms telling Texas one thing but then providing very different and often contradictory information to states like New York or California," he said. "Unfortunately, some of that doublespeak continues in these announcements, with a JPMAM spokesperson touting 'the significant investment it has made in its investment stewardship team and engagement capabilities, as well as the development of its own climate risk engagement framework' and BlackRock attempting a kind of shell game by shifting its membership to another entity under the BlackRock umbrella."