On August 24, the Texas Comptroller of Public Accounts, Glenn Hegar, announced a list of prohibited financial companies including banks and asset managers that he claims boycott energy companies. Texas state entities, including public pension funds, must now divest from them in accordance with the bill that governor Greg Abbot signed into law in June 2021.
The comptroller’s office is attempting to tie these companies, their anti-oil and gas rhetoric and misguided activism around proxy voting to the elevated energy costs Texans face.
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