A 2021 push against the burgeoning ESG movement has financial firms watching for further...
To state leaders, the entire ESG movement looks like a virtue-signaling attempt to boycott the oil and gas industry.It’s traditional, in Texas, for the regular biennial legislative session to start off on a happy note — and such was the case when this 88th Legislature began Jan. 10.This year, there’s a possibility that the drama could involve businesses, specifically financial firms that do business in Texas.
To state leaders, the entire ESG movement looks like a virtue-signaling attempt to boycott the oil and gas industry, and in 2021 they passed legislation aiming to boycott the boycotters. “A complete divestment of the industry is not only impractical and illogical but runs counter to the economic well-being of Texas and our citizens,” Hegar said in a statement accompanying his naughty list.
“On behalf of our clients, we are significant investors in public energy companies, including many here in Texas, such as Exxon, ConocoPhillips, Valero, Phillips 66, Occidental Petroleum and Cheniere,” she said. “As of the end of the last quarter, on behalf of our clients, we had $107 billion invested in public Texas energy companies alone.”State Sen. Bryan Hughes, chair of the committee, didn't find that reassuring.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No. 10 Texas downs Texas Tech for second comeback win this weekDown nine at halftime to Texas Tech, No. 10 Texas rallied for a win at the Moody Center.
Read more »
No. 10 Texas rallies in 2nd half, tops Texas Tech 72-70Marcus Carr scored 20 points, Sir'Jabari Rice added 18 and No. 10 Texas rallied again in the second half Saturday night to beat Texas Tech 72-70, snapping the Red Raiders' four-game win streak on the Longhorns' home court.
Read more »
No. 10 Texas rallies in 2nd half, tops Texas Tech 72-70Texas had nearly as many turnovers as baskets in the first half as the Red Raiders took a 34-25 lead into the break.
Read more »
How Marcus Carr’s playmaking helped Texas hold on to beat Texas TechTexas guard Marcus Carr’s bravado can get him and the Longhorns into trouble sometimes....
Read more »
Why Texas icon Southwest Airlines will fly high againThe whisper of smoke from Herb’s cigarette wafted in the air just long enough for him to let out one of his signature belly laughs. “Jason, I think you’ll...
Read more »