Major investors warn Texas not to hike costs for renewables in wake of storms

Investors say plans could undermine confidence by retroactively changing market rules

A wind farm sits alongside an oil rig in Texas
A wind farm sits alongside an oil rig in Texas

Major Wall Street investors including BlackRock, Goldman Sachs, Bank of America, Morgan Stanley and Wells Fargo have warned the Governor of Texas that plans to impose significant costs on renewable energy projects will undermine investor confidence in the space. 

The proposed rule…

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