In Reuters, George Raine Discusses Texas Anti-ESG Laws
Asset management partner George Raine was quoted in Reuters about Texas’s anti-ESG laws designed to protect fossil fuel companies. The new law would have Texas public investment agencies divest from the stocks and investment products of financial companies considered as boycotting the energy sector based on factors like their efforts to cut portfolio companies' emissions.
George explains this is a principled stand by the Texas comptroller to enforce both the spirit and letter of the law to punish those parties they've identified as being outside the good graces of the state of Texas.