Today, the Texas Public Policy Foundation applauds the efforts of the Texas Senate Committee on State Affairs to expose how ESG investment practices are affecting state pension funds and promoting collusion against Texas energy producers.
“A free market is no longer free when the major financial players are colluding—not behind the scenes but out in the open—to gut politically targeted businesses while forcing dollars into their own ‘green’ investments,” said Jason Isaac, director of TPPF’s Life:Powered initiative. “I applaud the State Affairs committee of the Texas Senate in studying the investment practices of financial services firms to ensure Texas pension investments are not being weaponized against the best interest of Texas.”