as part of an effort to curtail the Biden administration’s “war on the American energy sector.”
Several organizations representing the insurance industry opposed the bill in hearings in March, saying that the bill proposed a broad definition of ESG that would be hard to apply, and that it would interfere with the ability to accurately calculate risks and create insurance coverage policies. The bill applies to almost all forms of insurance, including property, health and life insurance.
SB 833 was supported by groups such as the Texas Public Policy Foundation, a conservative, free-market think tank that has promoted pro-oil and gas industry policies for years and
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