Posted on 05/22/2022 3:34:05 PM PDT by The_Media_never_lie
AUSTIN (Nexstar) — Texas Comptroller Glenn Hegar sent a letter to 19 financial companies that he alleges could be ‘boycotting the fossil fuel industry.’
Hegar is asking the companies, including JP Morgan and Wells Fargo, to clarify their fossil fuel investment policies and procedures, and has requested a list of any mutual funds or exchange-traded funds in their portfolios that may prohibit or limit investment in fossil fuels.
It’s part of Hegar’s efforts to implement Senate Bill 13, which was passed during the 87th Regular Legislative Session.
The bill does not prohibit these companies from boycotting fossil fuels, but rather prohibits Texas state agencies that invest funds from investing in financial companies that boycott energy companies.
(Excerpt) Read more at kxan.com ...
So it’s ok for Commiefornia and other libtard states to pass laws that restrict their public funds from investing in South Africa or other entities that don’t toe the libtard PC line?
They’ve done it and continue to do it and respond with smug self-righteousness when anyone criticizes their policies.
Of course it's not OK. But that's my point -- these are left-leaning policies, and we shouldn't be getting our cues from them.
Those are all bad policies: they interfere with economic signals (causing a hit to GDP growth), reduce return on investment while increasing risk, go against fundamental free-market principles, and encourage politically-biased corruption. Plus they make it seem like there's no principled difference between liberals and conservatives.
Where are they now? Disney is still going strong.
“Could it be sanity is returning?”
If P.Bush gets hammered in tomorrows Texas Attorney General runoff election then, yes.
That’s because Enron way overcooked their books. To the point they didn’t even know how much money they had (or didn’t, as it turned out). They’re by no means the only energy company to play fast and loose with accounting. They were just insanely egregious about it.
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