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Texastan is at it again

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Texas Comptroller Glenn Hegar sent letters to 19 financial firms Wednesday afternoon to determine whether they were violating a new state law that prohibits companies from “boycotting” fossil fuel companies.


Senate Bill 13, which went into effect in September, prohibits the state from contracting with or investing in companies that divest from oil, natural gas and coal companies. The law defines divestment as refusing to do business with a fossil fuel company because that company does not commit to environmental standards higher than expected by federal and state law.


Christ almighty, its one stupid garbage after another in these stupid red state and their sole goal is to let hte rich profit at all costs. The so called "we like our freedom" is now telling companies how show they should invest their money, and that they must invest in oil and gase. On top of their anti tran, anti abortion, anti voting garbage. Full on Taliban

The fact its, oil and gas is going down, green is the future, no matter how much greedy assholes and selfish morons whine and kick and scream. So companies would be wise investing in the future.
 

Michael Cole

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Senate Bill 13, which went into effect in September, prohibits the state from contracting with or investing in companies that divest from oil, natural gas and coal companies. The law defines divestment as refusing to do business with a fossil fuel company because that company does not commit to environmental standards higher than expected by federal and state law.

All this law will accomplish is companies becoming silent on environmental issues, and that may be the intended goal. A financial institution can come up with many reasons to refuse a loan, and if they become/remain neutral publicly, Texas will be unable to prove intent.

This is 21st fascism. Plain as day.

On the other hand, if the major financial institutions stick together, bypassing Texas altogether, Abbott is going to have a hard time getting his projects completed.
 

CaughtInThe

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So Texas doesn't want to do business with companies who practice capitalism as they see fit?
 

ataraxia

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Christ almighty, its one stupid garbage after another in these stupid red state and their sole goal is to let hte rich profit at all costs. The so called "we like our freedom" is now telling companies how show they should invest their money, and that they must invest in oil and gase. On top of their anti tran, anti abortion, anti voting garbage. Full on Taliban

The fact its, oil and gas is going down, green is the future, no matter how much greedy assholes and selfish morons whine and kick and scream. So companies would be wise investing in the future.
The FL governor was telling cruise lines they could not have mask requirements on their ships during a deadly global pandemic.

The hypocrisy is really odd.
 
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Michael Cole

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So Texas doesn't want to do business with companies who practice capitalism as they see fit?
Both parties enact laws that are directed at social/cultural issues, which in turn may or may not be political as well. (Everything today is politicized, but I mention it in remembrance of the past.)

That's the nature of the beast. Here, however, it seems Abbott's goal is strictly political, with no real basis in society or culture, and when government seizes control of industry for political purposes, that's full-on fascism. Fascists love free-enterprise, as long as industry serves their political purposes.

I see no economic argument to this law. What exactly are Texans gaining by limiting the pool of potential contractors? Isn't that kinda like limiting a SCOTUS nominee to sex and race? You know, what Republicans always complain about?

The law seems counterproductive to me.
 

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The Small government, keep the government out of businesses affairs party my ass.... Lol
I thought liberals like the government telling private companies what they can and cannot do
 

Craig234

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The Small government, keep the government out of businesses affairs party my ass.... Lol
Republicans claiming to support freedom remind me of the Chinese government claiming to support free speech and democracy. No, really, they say that, as they point at things like the 1/6 riot to say it's the US who doesn't have a stable democracy.
 
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I thought liberals like the government telling private companies what they can and cannot do
First off, as usual, a moronic one liner that shows you are clueless to what liberals actually believe and argue for becasue you have no argument. Telling companies they can't pollute the environment,t hey can't rip off customers, they can't do things to harm people, they can't commit fraud, and other laws, is not like telling people they have to invest in a dying industry so greedy oil and gas scumbags and suck every last penny out of it before it dies

Telling a company they have to invest in a dying industry when the future is green energy, it the epitome of dumb. But then again, so are republicans for the most
 

Craig234

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I thought liberals like the government telling private companies what they can and cannot do
Liberals like doing that in the public interest - like 'you can't cause massive pollution' - not to serve corrupt corporate interests to deny people their rights and support harm. It's a little like citing support for the police to claim you have to support anyone having a gun using it for crime also. I thought you liked people having guns?
 

Grandpappy

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You guys know Texas is a major oil producer, right? It's kind of like Hawaii and tourism. Big business. That's how the system works.
 

SenorXm/Sirius

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So what, either liberals like coercion or they dont
The GOP is supposedly the small government, free market, stay out of the businesses affairs party..

If you are a Republican Take up your outrage with them and Texas...
 

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First off, as usual, a moronic one liner that shows you are clueless to what liberals actually believe and argue for becasue you have no argument. Telling companies they can't pollute the environment,t hey can't rip off customers, they can't do things to harm people, they can't commit fraud, and other laws, is not like telling people they have to invest in a dying industry so greedy oil and gas scumbags and suck every last penny out of it before it dies

Telling a company they have to invest in a dying industry when the future is green energy, it the epitome of dumb. But then again, so are republicans for the most
Your sentiments on what you think the government is doing and whats actually happening are two different things. When you penalize normal byproducts that are not pollutants, you push companies 1 direction. When you provide tax breaks for your political party donors and your friends investments, you pull companies 1 direction. Its all centralized government control and coercion. If people wanted greener, cleaner, and different technologies they would purchase them and invest in them on their own.
 

Lord Tammerlain

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I thought liberals like the government telling private companies what they can and cannot do


And it appears conservatives do as well.

A common opinion by liberals and conservatives, that the government should tell companies what to do.

The real shock would be if libertarians feel that way
 

Craig234

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Its all centralized government control and coercion. If people wanted greener, cleaner, and different technologies they would purchase them and invest in them on their own.

That's not how government works. That's like saying "if Americans wanted to put a man on the moon, they'd pay for a company to do it, instead of having centralized government control and coercion do it."

Or, "If people wanted public businesses to have segregation, they'd patronize businesses that are desegregated. They don't need centralized government control and coercion banning segregation."

The phrase "centralized government control and coercion" strikes great fear into right-wingers - idiotically, not understanding when it's used well.

It's a terrible phrase for Democrats also, in a context like the Chinese government - and pretty bad also in the hands of Republicans saying 'you don't have the right to boycott big oil'. Note that you say nothing about why it's wrong for Texas to abuse power to take away rights from people to protect big oil - you only respond with a false attack on Democrats. Whatboutism.
 

jdog21

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That's not how government works. That's like saying "if Americans wanted to put a man on the moon, they'd pay for a company to do it, instead of having centralized government control and coercion do it."

Or, "If people wanted public businesses to have segregation, they'd patronize businesses that are desegregated. They don't need centralized government control and coercion banning segregation."

The phrase "centralized government control and coercion" strikes great fear into right-wingers - idiotically, not understanding when it's used well.

It's a terrible phrase for Democrats also, in a context like the Chinese government - and pretty bad also in the hands of Republicans saying 'you don't have the right to boycott big oil'. Note that you say nothing about why it's wrong for Texas to abuse power to take away rights from people to protect big oil - you only respond with a false attack on Democrats. Whatboutism.
A state saying if you are publicly boycotting a entire commodity, which is the largest sector in our state; then the state will not invest in your company. If this is bad then you have to think other forms of governments singling out companies who want to boycott or invest in certain items as bad too.
 

Michael Cole

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A state saying if you are publicly boycotting a entire commodity, which is the largest sector in our state; then the state will not invest in your company. If this is bad then you have to think other forms of governments singling out companies who want to boycott or invest in certain items as bad too.
Do you have examples of government singling out companies other than this law?

It doesn't make any sense. Companies have boycotted government before; MLB and Georgia, but I'm not aware of a similar law elsewhere.
 

jdog21

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Do you have examples of government singling out companies other than this law?

It doesn't make any sense. Companies have boycotted government before; MLB and Georgia, but I'm not aware of a similar law elsewhere.
The hypocrisy is everywhere. In CA UC Berkley had to do an environmental study before expanding its campus, Newsom just signed a bill to exempt them cuz enrollment would of have to been cut if he didnt.
Environmental impact studies for all you other companies, but not for my friends.
CA gives subsidies for training in the tech fields but denied SpaceX the grants do to what Elon Musk has said on his twitter feed.
 

Craig234

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A state saying if you are publicly boycotting a entire commodity, which is the largest sector in our state; then the state will not invest in your company. If this is bad then you have to think other forms of governments singling out companies who want to boycott or invest in certain items as bad too.
No, I don't. It depends on the reason, and the reason here is corruption.
 

RetiredUSN

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The FL governor was telling cruise lines they could not have mask requirements on their ships during a deadly global pandemic.

The hypocrisy is really odd.

A Virginia Governor would let you sit on a beach with a rod in your hand during Covid. You could be fined if you were sitting in the same spot with a book.

Hypocrisy?
 
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