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ESG backlash

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World’s largest banks and managers deny they meet Texas’s legal threshold for boycotting fossil fuels
'You see legislators tying themselves in knots in writing these laws that don’t make sense,' says one market participant.
Texas law requires divestment from financial firms who boycott fossil fuels
More Republican senators and congressman, as well as state legislator associations, have pushed back against the inclusion of sustainability considerations.
Republican members of Senate banking committee warn of “political favouritism” and “radical policies”

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