Comptroller Seeks To ID Companies Boycotting Oil Investmentts

[#TexasPolitics365]

 

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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Citigroup Employee Benefit: Trips out Of Texas For Abortions

[#TexasPolitics365]

 

Citigroup, the nation's fourth-largest bank, is angering Texas Republicans over its latest workplace benefit: Offering to cover the travel expenses of employees who live in states with restrictive reproductive health care laws, including the state's recently enacted law banning most abortions after six weeks, like the Heartbeat Act in Texas.

Republican Party of Texas chairman Matt Rinaldi called the policy "appalling" and said the party is urging Republicans to snub Citi's services. 

"Republicans should avoid entrusting their finances with Citibank and other companies that are hostile to them and their values," Rinaldi said.

Supporters of the Heartbeat Act say it has already saved hundreds of babies lives.

(Full story HERE.)
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Portland, Oregon City Council Ditches Texas Boycott

[#TexasPolitics365]

 

Portland, Oregon's City Council voted on Wednesday to set aside $200,000 to fund abortion care in Oregon in anticipation of an uptick in Texans traveling to the state to access the procedure, but walked back a boycott of the state.

Mayor Ted Wheeler garnered nationwide attention two weeks ago with his proposal to boycott Texas over recently passed legislation that dramatically curtails abortion access. But the proposal shifted shape considerably after the city nabbed national headlines. 

The city ditched the two most eye-catching parts of the proposal — a boycott on city business with Texas and a ban on employee travel to the Lone Star state. Instead, city officials voted to set aside $200,000 that will go to organizations “that deliver programs and services related to reproductive health care.”

(Full story here.)
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