The Deranged Demands of the “Anti-ESG” Movement ...Middle East

Making good on a long-promised threat, Texas State Comptroller Glenn Hegar last week announced a list of 10 financial institutions and more than 300 funds his office deems to be “boycotting energy companies,” a.k.a. fossil fuels. Accordingly, state entities—including pension funds for teachers and government workers—will be required to divest from these financial institutions as the state moves to implement Senate Bill 13, which Governor Greg Abbott signed into law last year. Under the same bill, Texas has since September required any financial company entering into new contracts or renewing contracts with state entities to affirm they do not and will not “boycott energy companies.”Since the

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