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It’s really hard to tell anything about what’s going on here - the article is too busy telling you to get outraged, and it’s talking about legislation that appa
by fwlr 4y ago
It’s really hard to tell anything about what’s going on here - the article is too busy telling you to get outraged, and it’s talking about legislation that apparently hasn’t even been proposed yet. It does quote one speaker as saying “if they’re going to mess with money that belongs to Texas retirees and undermine the very Texas economy, we’re gonna teach them some manners” which gives some indication of why Texas might have the right to interfere with the choice of investment and might care to interfere. But even then, once you null out the outrage, there’s so little here to go on.
- travisporter 4y agoThank you for pointing this out. I had to really wrestle with my initial reaction to my first read of this article.
- freejazz 4y agoThe Texas law on ESG is so poorly written, hard to imagine this one would be any different. Any Texan should be outraged that their state is wasting time and money on this sort of nonsense (suing blackrock because blackrock doesn't invest enough in Oil co's, except of course for the fact that it's the #1 investor in Oil co's).