The Bond Market, Infrastructure Financing and No Fossil Fuel Boycotts

What is happening? Wall Street is indicating concerns of financing projects in Texas with the Texas’ financial fossil fuel law. The main concerns among financial institutions is the uncertainty that the Texas causes.

Why is this important? Texas has a similar law supporting gun manufacturers which cost infrastructure projects in Texas hundreds of millions. It is thought the cost will be greater under the fossil fuel law.

How will this be important? Other states,  West Virginia and Kentucky, have passed similar laws snd re watching the impact in Texas.

Dallas Morning News | Wells Fargo warns uncertainty around new Texas energy law amounts to a ‘de facto ban’