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[https://www.austinchronicle.com/news/2022-09-09/texas-feels-ripple-effects-from-green-investment-ban/ https://www.austinchronicle.com/news/2022-09-09/texas-fee
by quantified 2y ago
[https://www.austinchronicle.com/news/2022-09-09/texas-feels-ripple-effects-from-green-investment-ban/ https://www.austinchronicle.com/news/2022-09-09/texas-feels-...]
- big-green-man 2y ago> The law is explicit: Companies that abstain from investing in fossil fuels for strictly financial reasons, rather than as an ethical or environmental position, are not banned. Seems perfectly reasonable to me. Pensions have a fiduciary duty to maximize payout to beneficiaries who have paid in. There's no room for your moral crusade when managing other people's money.