Texas Comptroller of Public Accounts Glenn Hegar noted Texas' work against companies boycotting oil and gas in a recent tweet.
Hegar has been leading the charge of Texas against companies that have policies limiting investment in oil and gas companies.
The Austin Journal recently asserted that Texas Attorney General Ken Paxton's signature was one of a list of 17 other signatories on a letter from Missouri seeking further information on BlackRock's investment policies.
Glenn Hegar
| Comptroller.Texas.gov
"Grateful for the support of my State Financial Officers Foundation colleagues in this critical fight. We are working through the info we received from the companies we contacted, as well as finalizing our process for identifying suitable candidates for the Texas list," Hegar said in a post to his official Twitter account on Aug. 9.
Hegar's tweet mentioned a Fox Business article that described the efforts that multiple states are making to prevent banks with focuses on ESG (environmental, social and governance) investing from doing business with their states. West Virginia, another state that has been at the front of the pack of these efforts, along with Texas, recently banned BlackRock, Goldman Sachs and JPMorgan from entering into banking contracts with the state treasurer's office or any state agency.
A representative from Hegar's office also commented on the story.
"The agency is continuing to work through the information we have received back from the companies we contacted for more information, as well as finalizing our process for identifying suitable candidates for the Texas list," a spokesperson for Texas Comptroller Glenn Hegar told Fox Business.
Officials from other states concurred with the actions taken by Texas.
"We're not going to pay for our own destruction; we're not going to subsidize that," West Virginia State Treasurer Riley Moore told Fox Business. "They have weaponized our tax dollars against the very people and industry that have generated them to begin with. That is why we're pushing back against this ESG movement."
Fox Business categorized these new policies as "an all-out assault on woke banks."