ESG investing
State Blacklists of Companies with Sustainability Policies Take a Constitutional Hit
A federal district court just struck down a Texas law blacklisting companies that oppose fossil fuels.
Four or five years ago, a half-dozen states passed laws that blacklist companies opposing fossil fuels. Texas was the most prominent of those states. These laws have pressured companies, especially big financial companies, to invest in fossil fuels. A federal district judge has struck down the Texas law as a violation of due process and the First Amendment. The court’s ruling is a welcome development and long overdue. Texas has been on a campaign to punish anyone who dares oppose the use of fossil fuels. It’s good to see that campaign hit a constitutional wall.
More Thrills and Chills Ahead! What to Expect in 2024
Here are the key events that will shape climate and energy policy.
We will face some important forks in the road in 2024 in terms of environmental law. Here are some of the upcoming forks. Who will be President in 2025? You probably don’t need reminding that 2024 is an election year. At this point, the election seems likely to be a replay of Biden versus Trump. …
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CONTINUE READINGClimate Backlash
Vicious attacks on climate progress are on the rise.
Presumably, no one actually wants rising seas, dangerous heat waves, severe droughts, runaway wildfires, and floods. Nor, I assume, are there many who want those climate disasters for their children and grandchildren. Still, there are all too many politicians and public figures who act as if their goal was to foment climate change. No doubt the …
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CONTINUE READINGWhen Bad Things Happen to Good Regulations
The GOP’s effort cancel a pension reg illustrates the evils of the Congressional Review Act.
In their crusade against “wokeness,” congressional Republicans are taking aim at Labor Department rule about pension plan investments. The rule’s transgression is apparently that it makes easier for pension plans to consider how climate-related risks might affect a company’s bottom line. To avoid being woke, the GOP would apparently prefer pension managers to close their …
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