Texas Strikes Back At The Anti-Fossil Fuel Lobby

As a growing number of Wall Street banks and virtually all major asset managers declare their shift away from fossil fuel investments, the Texas Senate is striking back with a bill proposing that the state’s investment funds exit all companies “boycotting” oil and gas. The Texas Tribune reports that the bill, proposed by five Republican Senators, covers state entities such as the $46-billion Texas Permanent School Fund, the Teacher Retirement System of Texas, and the Texas Municipal Retirement System of Texas. Both of these have…