Business Coalition Challenges Texas Legislation Favoring Oil Sector Protections
AUSTIN, Texas — A prominent business coalition has filed a lawsuit against several Texas officials, challenging a recent state law aimed at protecting the oil and gas industry from financial divestment. The law, which was enacted last year, prohibits state investment funds from working with companies that divest from fossil fuels. The plaintiff, Texas Businesses for Fair Energy Policy, argues that the law unfairly penalizes companies that choose to diversify their energy portfolios and explore more sustainable options, thus infringing on business rights. According to a statement released by the group, “This statute not only … Read more