SB 736 and HB 1685 will foster competition in the Texas statewide electricity market by eliminating the authority of the General Land Office (GLO) to sell electricity to certain governmental entities. This will decrease government interference and increase efficiency in the Texas electricity market.
Uproar Over Texas Divesting from BlackRock Shows ESG Activists’ Disdain for the Rule of Law
On March 19, Texas State Board of Education (SBOE) Chairman Aaron Kinsey issued a statement that the Texas Permanent School Fund (PSF), one of the largest and oldest education endowments in the country with over $53 billion in assets, was moving $8.5 billion from BlackRock to other asset managers. Chairman Kinsey noted in the statement...