- Sep 20, 2021
- Reaction score
- Political Leaning
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.
A new law prohibits the state from contracting with or investing in companies that divest from oil, natural gas and coal companies.
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.