The U.S. Senate’s attempt to move this legislation has lifted the veil on the real cost yet ineffectiveness of ambitous federal CO2 reduction mandates. As the leading energy producing state, the Texas economy would be most adversely impacted. This brief offers a risk-benefit assessment of this unprecedented legislation and highlights the effects on Texas.
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...