Texastan is at it again

[MaryP]

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.

Kinda scary.

 

[Gateman_Wen]

Texas warns firms they could lose state contracts for divesting from fossil fuels

A new law prohibits the state from contracting with or investing in companies that divest from oil, natural gas and coal companies.

www.texastribune.org

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.

Fascism is alive and well in Texas.

 

[Gateman_Wen]

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

That's because you've been brainwashed.

 

[Glitch]

Liberals ever pass a law prohibiting the state from doing business with a company in order to protect a political donor?

I seem to recall California boycotting Arizona over their border laws, and Georgia over its election laws. Liberals will boycott anyone they disagree with, so they should be use to this kind of treatment by Texas.

It is entirely up to the State of Texas to determine the kind of contractors it wants to deal with, and if they don't want to deal with mentally-deranged leftist filth who utterly detest the nation and want to see it destroyed, then Texas have every right to refuse to do business with them.