Texas Comptroller Glenn Hegar sent a letter to 19 financial companies that he alleges could be ‘boycotting the fossil fuel industry.’
Hegar is asking the companies, including JP Morgan and Wells Fargo, to clarify their fossil fuel investment policies and procedures, and has requested a list of any mutual funds or exchange-traded funds in their portfolios that may prohibit or limit investment in fossil fuels.
It’s part of Hegar’s efforts to implement Senate Bill 13, which was passed during the 87th Regular Legislative Session, and seeks to strip such companies of State funding.
(Full story HERE.)
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