Introducing competition into Texas’ retail and wholesale electricity markets has made Texas the greatest success story in the United States-if not the world. That success is largely due to policymakers’ willingness to let markets work and not manipulate prices or other policies for political reasons.
Business Roundtable Does a 180 on Stakeholder Capitalism in ExxonMobil Lawsuit
On Wednesday, ExxonMobil, the largest energy company in the U.S., will face yet another challenge to its leadership. The California Public Employees Retirement System (CalPERS), the largest state public pension fund in the U.S., is leading a group of pension funds to vote against all of Exxon’s directors. Glass Lewis, one of the largest proxy advisory firms...