Texas’ fight against environmental, social and corporate governance policies may soon expand to another front: insurance companies.
“We’re having a change in the conversation, and I think that’s important,” Hegar told the audience. “And I think Texas is the one that initiated that conversation — really forced that conversation to happen.”10 financial firms “boycotting” energy,
Hughes said lawmakers would do more legislating on the topic in the current session, including extending ESG sanctions to asset managers handling university endowments and maybe municipal funds: “If you’re managing that money, you owe it to the people of Texas [to be] maximizing shareholder returns,” Hughes said. “Don’t play politics with their money. If you do, we’re going to hold you accountable.
The Hartford, a leader in property and casualty insurance, once put out a press release, Isaac said, “that they’re no longer gonna make insurance policies available for companies that are in the oil and gas industry.”would no longer insure or invest in companies
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