- Jan 14, 2013
- 19,810
- 18,278
- 136
who do not invest their money how they want them to invest it. They really aren't afraid to show their fascism anymore. I think Dems need to start calling them what they are - simple concise language, not lofty intellectual rhetoric.
Watch out, financial firms. If you’re mean to fossil fuel companies, Texas is coming for you.
Bloomberg reported this week that Texas’s state comptroller is starting to double down on demands that financial companies tell the state more details about their climate policies, in accordance with a law passed last June that forbids the state from doing business with corporations that “boycott energy companies.” Comptroller Glenn Hegar sent letters to nearly 150 financial companies, ranging from big private-equity firms to smaller investors, about their climate plans this week. The move follows initial inquiries Hegar sent to 19 firms, including BlackRock and JPMorgan Chase, last month.
“We know some of these companies hold investments in oil and gas today, but what about the future?” Hegar said in a statement about the letters he sent last month. “Are they selling the hope of a ‘green’ tomorrow with promises to divest or reduce their fossil fuel exposure?” Great questions, Glenn! Sure glad you’re on this important case.
The law gives the state comptroller broad discretion to assemble a list of companies and allows the comptroller to decide which companies to actually contact—and, as Bloomberg reports, it seems that Hegar is casting a very wide net with the types of corporations and financial firms he is choosing to target. The letter states that if these companies don’t respond within 61 days, it “will result in the presumption under Texas law that your company is boycotting energy companies.”
Watch out, financial firms. If you’re mean to fossil fuel companies, Texas is coming for you.
Bloomberg reported this week that Texas’s state comptroller is starting to double down on demands that financial companies tell the state more details about their climate policies, in accordance with a law passed last June that forbids the state from doing business with corporations that “boycott energy companies.” Comptroller Glenn Hegar sent letters to nearly 150 financial companies, ranging from big private-equity firms to smaller investors, about their climate plans this week. The move follows initial inquiries Hegar sent to 19 firms, including BlackRock and JPMorgan Chase, last month.
“We know some of these companies hold investments in oil and gas today, but what about the future?” Hegar said in a statement about the letters he sent last month. “Are they selling the hope of a ‘green’ tomorrow with promises to divest or reduce their fossil fuel exposure?” Great questions, Glenn! Sure glad you’re on this important case.
The law gives the state comptroller broad discretion to assemble a list of companies and allows the comptroller to decide which companies to actually contact—and, as Bloomberg reports, it seems that Hegar is casting a very wide net with the types of corporations and financial firms he is choosing to target. The letter states that if these companies don’t respond within 61 days, it “will result in the presumption under Texas law that your company is boycotting energy companies.”
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