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Texas Targets Wall Street in Fight Over ESG Investing

  • New law bans investments in businesses shunning fossil fuels
  • Major corporations growing more committed to cleaner investing
Updated on

Texas is drawing battle lines in a fight against investors and companies turning their backs on fossil fuels.

Governor Greg Abbott signed a bill into law on Monday banning state investments in businesses that cut ties with the oil and gas industry. The underlying message, according to one of the most powerful energy regulators in the state, is simple: Boycott Texas, and we’ll boycott you.