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Big Oil Strikes Back at ESG | Chief Investment Officer


Big Oil Strikes Back at ESG
A Texas bill would force the state’s retirement systems to divest from companies that divest from fossil fuels.
Texas legislators are considering a bill that would aim to strike a blow for the state’s oil industry against the growing trend of institutional investors seeking to avoid or divest from fossil fuel companies.
Texas’ Senate Bill 13, which was introduced by Sen. Brian Birdwell and four of his fellow Republican state senators, would force the state’s retirement systems and pension funds which manage well over $200 billion in assets to divest from any company that refuses to invest in fossil fuels. ....

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