Texas Officials Sued Over Anti-ESG Law Targeting Wall Street [Yahoo! Finance]
NatWest Group plc American Depositary Shares (NWG)
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Source: Yahoo! Finance
The lawsuit filed Thursday in federal court in Austin, argues the 2021 state law is unconstitutional and it seeks to “coerce and punish” businesses seeking to reduce reliance on fossil fuels. The group — a nonprofit that represents thousands of businesses and advocates for environmentally-friendly policies — sued Texas Comptroller Glenn Hegar and the state's Attorney General Ken Paxton, who have been vocal supporters of the measure. In the lawsuit, it argued that the law overstepped and went against the First Amendment. “It impermissibly infringes rights of free speech and association under a scheme of politicized viewpoint discrimination, based on no legitimate state interest,” lawyers for the group said in the lawsuit. Representatives for the comptroller and attorney general did not respond to an email and phone call requesting comment. As part of the law known as Senate Bill 13, Hegar publishes and maintains a list of companies and investment funds that he considers to eng
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NWG
Sec Filings
- 11/21/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/18/24 - Form 6-K
- NWG's page on the SEC website