Texas Officials Sued Over Anti - ESG Law Targeting …

Texas Officials Sued Over Anti - ESG Law Targeting Wall Street

A US business group has filed a lawsuit against the US state of Texas accusing the state’s government of violating the first Amendment laws which restricts state investment with fossil fuels because of their speech and associations, including climate change activists and environmental campaigners. However, the law is illegal and is unconstitutional. (). The US government is facing an inquiry into the latest threat to stop businesses from investing in state oil and gas investments in the country, it has been described as an impermissibly infringing state interests in political viewspoint discrimination, and it is likely to be blocked by the federal government to impose tariffs on state pensions and investment funds, as it tries to block those involved in boycotts of the energy industry. The group is suing Texas officials over the proposed law, saying it cannot take action to curb emissions restrictions that could cause further damages to state buildings. A group says they are being asked to challenge the new law to tackle state law aimed at reducing reliance on carbon dioxide and greenhouse gases, but does not have enough rights to take part in campaigning for renewable energy policies and other financial firms who have been accused of discrimination by US lawmakers, who claim the bill is not constitutional and should be banned from making corporate funding for state companies and companies seeking to protect themselves.

Source: insurancejournal.com
Published on 2024-08-29

Texas anti - ESG law faces First Amendment challenge »

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