Texas Puts Pressure on Firms that Boycott Oil and Gas Companies

Texas Puts Pressure on Firms that Boycott Oil and Gas Companies
A Russian state flag flies on the top of a diesel plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia, on March 10, 2019. Vasily Fedosenko/Reuters
Paul Greaney
Updated:

Texas state agencies may no longer invest funds in companies that boycott oil and gas companies, Texas Comptroller Glenn Hegar said on March 21.

As of March 16, Hegar had written to 19 major international investment firms like JP Morgan, Credit Suisse, and Blackrock, asking them to clarify their policies on fossil fuel investments. Companies have 60 days to clarify their position on fossil fuel companies. Any company that fails to reply will be assumed to be boycotting oil and gas companies and added to a final list.

Paul Greaney is an NTD news anchor and producer. Since joining the company in 2018, he has anchored the station’s flagship Evening News broadcast, launched the NTD Business show, and produced documentary reports on pointed issues. The highlight of Paul’s time in the field was his coverage of the Hong Kong pro-democracy protests in 2019.
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