Another round in fight against ESG investment begins in Texas


First Texas enacted a law targeting investment firms that discriminated against oil and gas operations, then Oklahoma followed suit with its Energy Discrimination Elimination Act.

Similar efforts followed in West Virginia and Idaho.

Now another effort is underway in Texas, this time involved a proposed law to fight against those ESG policies that could affect state pensions. A Texas lawmaker wants to crack down on those efforts and restrict shareholder proposals to dictate insurance companies’ business with oil and gas firms according to Bloomberg.

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