The GOP-majority state legislature passed the law last session, saying it protects the state's future, but critics believe it to be political gamesmanship.
The state of Texas has cut ties with at least 10 companies that practice Environmental and Social Governance. Some are calling it gamesmanship.If a financial company does not invest in oil and gas, it can't do business with the state of Texas. It's a law passed during the last legislative session and it targets companies that the state defines as boycotting oil and gas. Even though, some suggest it is little more than playing politics in an election year.
"This law was a way for Texas Republicans to show that they were on the side of the oil and natural gas industry, which is one of Texas' most important industries," Baker Institute Political Fellow Mark Jones said. "The real goal of this law was to signal to Texas voters, as well as people nationally, that the state of Texas was going to fight for the oil and natural gas industry and the jobs and the income that it represents for the state of Texas.
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