Oil Majors Rethink Green Projects Amid Anti-ESG Push ...Middle East

Back in 2021, Texas passed two laws that restricted the state from doing business with companies deemed hostile to the fossil fuels and firearm industries. The Lone Star State barred pensions and other state entities from investing in approximately 350 funds that promote environmental, social and governance, aka ESG investing, claiming that ESG investing does not act in the best financial interests of their clients.  To wit, the Republican-leaning state banned Wall Street giants Citigroup Inc., BlackRock Inc., Barclays Plc and members of Net…

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