new names on Texas divestment list

Texas Comptroller released a new list of companies that “boycott oil and gas.” Beyond the list, let’s look at the press release ripe with euro-shaming. Look, I’m biased being born in Europe to a Swedish citizen. But, bank shaming because the bank is European is going too far. We have recognized legal protections for national origins. I digress.

The statement goes on to say ““HSBC’s new energy policy is a prime example of a broader movement in the financial sector to push a social agenda and prioritize political goals over the economic health of their clients. HSBC’s policy clearly makes the firm a suitable candidate for listing under Texas law.” The economists that say this raises Texas’ bond costs have more information.

Texas Comptroller Glenn Hegar Announces Update to List of Financial Companies that Boycott Energy Companies