Texas Legal Challenge Targets Anti-ESG Legislation, Highlighting Growing Financial Debate
Austin, Texas — A new legal challenge in Texas is targeting laws that restrict state investments based on environmental, social, and governance (ESG) principles, marking a significant point in the broader national debate over the role of sustainability criteria in financial decisions. The lawsuit, filed by progressive groups, argues that such legislation unduly limits the state’s ability to engage in responsible and profitable investment practices. The controversy centers around recent Texas statutes that prohibit state investment funds and public pension funds from investing in companies that divest from oil, gas, and coal companies. Proponents of … Read more