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.
Had you read the article, it would make sense.
Makes sense to me. I live in Texas, and any financial company that specifically boycotts energy companies shouldn’t be profiting from state investments.
agreed 💯
is their policy to not invest in conventional fuels, period
regardless of return?
If you notice, the left doesn’t have a clue how to accomplish anything productive, start and run a successful business, etc. They only attempt through nefarious means to take over successful operations that have money and control the resources for their own benefit. Just look at The Ford Foundation and all the others that were funded by capitalism. One would think if their ideas were so great they would implement them and run everyone else out of business. They know what they preach is just BS which is used to manipulate the morally weak and emotionally insecure to get control of money other people have actually earned.
No one is dictating to any company where to invest, or where not to invest. Any financing company is free to invest wherever they chose, or free not to invest at all.
On the other hand, the State of Texas is free to not do business with a company that is into ESG, and does not as a matter of principle, finance energy projects.
I don’t see any problem.