Boycott the Boycotters

3/21/22
 
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from TPPF,
3/21/22:

What to Know: The state of Texas has sent letters to finance firms warning that if they divest from fossil fuels, they can’t do business with the state.

The TPPF Take: The Legislature passed a law ensuring that the state of Texas won’t work with firms that are targeting the energy sector.

“Wall Street firms are colluding on a coordinated attack against Texas and our way of life,” says Texas state Rep. Phil King. “Wealthy investment managers like BlackRock and Bank of the West are denying capital to energy companies, wielding their money and power like a wrecking ball with one goal — destroying the oil and gas industry. But energy is the driving force of our lives and livelihoods — so I’ve made it a priority to fight back.”

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