Boycotting Fossil Fuel Companies In Texas Means Trouble

wrote last year about how the increase in donations for state officials looked a whole lot “like a reward for not passing more stringent regulations” and raised questions about whether “lawmakers let the oil, gas, and the broader energy industry off easy for its massive failures.” Yowza.

The Texas law preventing divestment means that billions of dollars in pension funds and school endowment money may be removed from some of the country’s biggest investment firms — including BlackRock.Texas lawmakers continue to insist that tackling climate change comes at a net cost to the global economy. Hegar questioned the:

So, while some companies continue to invest at least partially in fossil fuels enterprises and their subsidiaries — which likely will amount todown the road — that’s not enough if you invest in Texas. Heaven forbid investment firms and their clients actively use financial wherewithal as a tool for positive social change. Or operate a “values-driven” enterprise according to principles of social justice and environmental sustainability.

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Texas and other states want to punish fossil fuel divestmentThe Texas comptroller's office is creating a list of companies that could face a state boycott for moving money away from fossil fuels. The idea is gaining steam in other states as well. Retirement investments should be about returns. Period. To single out one industry as 'Texas' is just proof that Texas government is a fossil fuel oligarchy. Time for us to turn the petroleum minions out. Cancel culture by the TexasGOP
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One dead, homes destroyed in late-winter Texas fires that have consumed 45,000 acresA string of fires in West Texas have claimed the life of a law enforcement official, burned at least 50 homes, and devoured more than 45,000 acres, officials said Friday. I stand with the families and communities affected. May you find peace to over the storm of life.
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