Texas on Aug. 24 released a list of 10 financial companies and almost 350 funds said to be boycotting energy firms involved in fossil fuels, marking the latest step in the pushback by individual U.S. states against the environmental, social, and governance (ESG) movement.
Because of Texas Senate Bill 13, which took effect in September 2021, the state comptroller must publish such a list. The measure, which was enacted in June 2021, requires many state government entities to divest from ESG-guided companies and funds.
