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ESG Under Fire in Texas, Florida

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Texas Republican Comptroller Glenn Hegar wants to ban 10 companies, including BlackRock and UBS, and about 350 funds from doing business in Texas, claiming that they "boycott energy companies." Opponents worry that the ban will impact people's pensions, further stoke global warming, and hurt the business climate. We’re also seeing pushback against ESG in Florida, where Governor Ron DeSantis is trying to ban ESG considerations in the state’s pension fund.