Sustainable Investments vs. Oil Producing States

What’s happening? Alaska, North Dakota, Texas legislators are introducing legislation that would force states to stop investing in companies that use sustainable strategies & stop doing business with asset managers, banks and insurers that support sustainable investing.

Why is this important? “The bills defy global financial and political trends” and, let’s note the bills defy the data that show msg investments perform better, especially during the pandemic.

How will this be important? Investment Firms adn Financial Services firms, Oregon, California, New York, and others are stacking up on the other side. Plus, fossil fuel players like BP are also on the other side as BP formally announced its sustainability. It’d be fun to see if the fossil fuel industry also print annual sustainability reports that show its industry support of concepts from diversity to sustainability. More than a majority of the S&P issues annual sustainability reports.

Route Fifty | Oil-Friendly States Fight Back Against Sustainable Investment Trend

RigZone | Texas Lawmakers Target Energy Discrimination

PEW Charities | Oil-Friendly States Fight Back Against Sustainable Investment Trend