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Texas Comptroller: Companies ‘boycotting’ fossil fuels could lose state funding
KXON ^
| Mar 16, 2022
| Maggie Glynn
Posted on 05/22/2022 3:34:05 PM PDT by The_Media_never_lie
click here to read article
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Could it be sanity is returning?
To: The_Media_never_lie
“Could it be sanity is returning?”
Here in Texas we do get some things right. If Texas or Florida get big enough “economy wise” things could get interesting.
To: The_Media_never_lie
This law doesn’t make sense to me. Only a left-winger would suggest that the government should try to dictate where anyone invests their money.
And is the restriction only against companies that explicitly say they’re boycotting for that reason? Suppose they just happen not to invest in fossil-fuel companies, perhaps because they don’t think the stock prices in the sector represent a good value right now. Companies don’t have to report to the government *why* they made some investment decision.
To: The_Media_never_lie
There was an article posted earlier where those responses from the companies came back. All insisted they were not blackballing funding. My favorite was the response from one - “Hell No!”
To: Alvin Diogenes
Had you read the article, it would make sense.
5
posted on
05/22/2022 3:53:08 PM PDT
by
Jacquerie
(ArticleVBlog.com)
To: The_Media_never_lie
This doesn’t sound like sanity, it sounds like petulance. Funds need to make their own decisions, given the volatility of the energy market it’s perfectly valid to not invest in it.
6
posted on
05/22/2022 3:55:09 PM PDT
by
discostu
(like a dog being shown a card trick)
To: discostu
Is it more or less volatile than commercial real estate or movie making?
7
posted on
05/22/2022 3:57:56 PM PDT
by
steve8714
(Evidently the Oxford comma is racist, sexist, or homophobic. You decide which.)
To: Jacquerie
I did read the article. It’s not a good idea for the government to be able to require that a business say *why* they made a certain investment. Are we going to see money wasted on lawsuits regarding whether an stock purchase decision was a “boycott” or just a routine investment judgment?
To: steve8714
Is it more or less volatile than commercial real estate or movie making?
That's for the investor to decide, not the government.
To: steve8714
Neither of those live on a 90 day spec market where any news makes the prices fluctuate drastically. Energy is a crazy business.
10
posted on
05/22/2022 4:01:07 PM PDT
by
discostu
(like a dog being shown a card trick)
To: discostu
This doesn’t sound like sanity, it sounds like petulance. Funds need to make their own decisions, given the volatility of the energy market it’s perfectly valid to not invest in it.
Yes, petulance is a great description of this.
Government shouldn't be picking winners and losers.
To: discostu
Energy does not survive on false depreciation nor on phony accounting.
12
posted on
05/22/2022 4:04:43 PM PDT
by
steve8714
(Evidently the Oxford comma is racist, sexist, or homophobic. You decide which.)
To: Alvin Diogenes
This is right inline with Texas’ don’t say bad things about beef law.
13
posted on
05/22/2022 4:05:17 PM PDT
by
discostu
(like a dog being shown a card trick)
To: steve8714
14
posted on
05/22/2022 4:05:36 PM PDT
by
discostu
(like a dog being shown a card trick)
To: discostu
This is right inline with Texas’ don’t say bad things about beef law.
I forgot all about that... You're right. That was a bad law too. (And both laws go against any sort of principled conservativism.)
To: Alvin Diogenes
I wrote: ... conservativism
... conservatism, LOL. (Dumb typo.)
To: Alvin Diogenes
Makes sense to me. I live in Texas, and any financial company that specifically boycotts energy companies shouldn’t be profiting from state investments.
17
posted on
05/22/2022 4:09:28 PM PDT
by
Quickgun
(I got here kicking,screaming and covered in someone else's blood. I can go out that way if I have to)
To: Quickgun
Makes sense to me. I live in Texas, and any financial company that specifically boycotts energy companies shouldn’t be profiting from state investments.
Would it be a good idea to go whole hog and just require investments to be only in Texas-based companies? Why send your money out of state, after all?
Where would this end?
To: Alvin Diogenes
To: Alvin Diogenes
These companies are issuing a policy against investing in energy. These companies should be required to advise their stock holders and investors that this is their policy regardless of investment analysis.
20
posted on
05/22/2022 4:29:00 PM PDT
by
RetiredTexasVet
(Biden not only suffers fools and criminals, he appoints them to positions of responsibility. )
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