Business group sues Texas over anti-ESG law (2024)
| Environmental, social, and corporate governance |
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An environmental business group filed a lawsuit against the state of Texas on Aug. 29, seeking to block a 2021 anti-ESG law. The law restricts state contracts with financial firms that divest from the fossil fuel energy sector. The group argues the law infringes on its members’ First Amendment rights:
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The American Sustainable Business Council sued Texas officials in an effort to block a law that restricts state investments with certain financial firms because of their energy policies. … 'It impermissibly infringes rights of free speech and association under a scheme of politicized viewpoint discrimination, based on no legitimate state interest,' lawyers for the group said in the lawsuit. Comptroller Glenn Hegar called the lawsuit 'frivolous' in an emailed statement. 'The plaintiff has filed a purported First Amendment lawsuit that seeks to undermine state sovereignty and force the state of Texas and Texas taxpayers to invest their own money in a manner inconsistent with their values and detrimental to their own economic well-being,' he said in the statement.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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