In 2021, Texas passed a law prohibiting the state from doing business with financial institutions whose policies were found to be discriminatory against fossil fuels; and in August 2022, a list of “Financial Companies That Boycott Energy Companies” appeared on the State Comptroller’s website above a list of “Designated Foreign Terrorist Organizations.” The law defines “boycott” in such a way that even firms that invest in fossil fuels but also offer fossil fuel-free financial products could eventually be caught in the ban.

Explore Texas lobbyists

Castaneda Jr., Tristan

Report Date: 03/31/2022
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