, a group that includes BlackRock, the world’s largest asset manager, and BNP Paribas, France’s largest publicly traded bank.
While Texas was the first to adopt anti-ESG laws, at least 16 other states have enacted or proposed similar legislation, including Arizona, Indiana, Kentucky, Missouri, Ohio, Oklahoma, South Dakota, West Virginia and Wyoming, according to Garrett and Ivanov.in December over the company’s ESG policies.in Florida’s anti-ESG rules includes a carve-out that lets targeted banks purchase or underwrite bond offerings in the state, said Garrett, an assistant finance professor at Penn’s Wharton School.
The system’s letter to state officials, dated Dec. 31, 2022, did not include the value of the divestments. “We were concerned when we would read about major banks and Wall Street firms that were publicly stating, ‘We will no longer fund oil and gas projects,’” state Sen.Cutting off energy funding would have dire consequences for Texas and the,” Hughes said at the hearing. “This is family security and it’s national security.”
Abbott, like Trump, will give away the farm to people, so long as they kiss his ass.
Texas' current leaders - Abbott, Patrick, Paxton, and the txlege - are the most venal bunch I've seen in decades of Austin watching, by far.
Exxon posted $55B in profits for 2022. Shell posted $45B in profits. Texas leads the nation in mass shootings and Texas some of highest if not highest home owner property taxes in the nation.
Good ol CNN/DMN. 😏
The GregAbbott_TX tax: taxpayers pay hundreds of millions more so Abbott can spank companies he doesn’t like. Small government, indeed.
Policy will adapt with time. To stop investing in oil and gas isn’t a good idea at all. Texas is fighting back as it should, Alberta should as well. Energy security is paramount to ensure we can continue to innovate and see the improvements we want to see in our societies.
Cant read the damn story when asked to pay to read... sheesh
The article is nonsense that panders to liberals who want to hear that cracking down on DEI, ESG, and firms that discriminate against legal (gun) companies is somehow 'bad.' NEWSFLASH: interest on bonds won't be higher for banning BlackRock, and it is good for Texas to do.
It's kinda special that a bevy of extremely whiny foooks who shriek-spittle over their very own company mandating training and then daring, DARING, to have an attestation that the training was completed. You wrote this article knowing full foooking well that we all see what you…
I was going to read this, but it’s behind a paywall and I’m poor. Texas, Guns, Oil, sounds about right though.
In a word, YIKES! Tell me about how libertarian the state is? I think I missed it the first time...
wow. what a write-up on mitchell. I guess he hasn't completed his training and attestation of said training... I kinda wonder if he's been directly employed by DNC polits/dnc activists in the past.