Texas weighs punishing companies that divest from fossil fuels Getty Images/iStockphoto A Texas state senator wants state pension funds to divest from companies that boycott fossil-fuel investments. The Texas Senate is considering a bill that would punish companies that divest from fossil-fuel companies by requiring the state's pension plans and investment funds to divest from those companies. Senate Bill 13, introduced Thursday by lead sponsor Republican state Sen. Brian Birdwell, would require state pension plans and investment funds to stop investing in companies that "boycott energy companies." The bill calls for the state's comptroller to "prepare and maintain, and provide to each state governmental entity, a list of all companies that boycott energy companies." Those companies will then be warned by the state funds that they're on this list and have 90 days to amend their positions. If after 90 days these companies do not change their positions, then the state funds "shall sell, redeem, divest, or withdraw all publicly traded securities of the company."