6 Texas Agencies Fight Back Against Companies Promoting ESG
The banned companies include Blackrock, Inc., BNP Paribas SA, Credit Suisse Group AG, Danske Bank A/S, Jupiter Fund Management PLC, Nordea Bank ABP, Schroders PLC, Svenska Handelsbanken AB, Swedbank A
6 Texas Agencies Fight Back Against Companies Promoting ESG
Texas comptroller directs state agencies to divest from companies that are promoting ESG. The Center Square. Texas Comptroller Glenn Hegar has directed six state agency systems to identify if they are using, and then divest from, nearly 350 individual investment funds and 10 financial companies that are boycotting Texas energy companies and promoting ESG. Ed Longanecker, president of Texas Independent Producers and Royalty Owners Association, told The Center Square, “Now more than ever, we need continued investment in Texas energy. As demand for oil and natural gas has soared, Texas has stepped up. Production in the Permian Basin alone has hit record highs this year. But for Texas to remain an energy leader, we need to continue investing in production as well as pipelines and other infrastructure. That requires a predictable regulatory environment, which is what Texas is known for. Global energy consumption is set to grow