U.S. energy-producing states are at war with some of the world’s largest asset managers and banks over the financial institutions’ ESG-aligned investment policies, which, the states say, show that those financial firms are boycotting the oil and gas industry. Texas, the largest oil-producing state in America, is leading the campaign against this movement.
Just last week, the Lone Star State published a list of financial firms that could be banned from doing business with Texas, its state pension funds, and local governments. …Texas Is Leading The Fight Against ESG Investing
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