This article traces the problems that the US state of Texas is having as it attempts to fight off green finance.
Right now, Green Century Capital Management isn’t changing its advice to investors.
Could these states gain momentum as a collective force and reduce the impact of divestment on Wall Street? Texas is a powerful role model.last month, making it the biggest leap in over a decade and the second highest in 30 years, the Texas Oil and Gas Association said in a statement. The oil and gas production sector employed 181,900 people in Texas in February, up 16% compared to 157,000 in September 2020, the lowest point of the pandemic-induced employment slump.
There is a total of $5.6 trillion in public pension funds and related assets in 6,000 separate public-sector retirement systems across the nation, as reported by. Partially, this disparity arises because fossil fuel dependent states have historically provided weaker pensions for their public employees, so, in an interesting turn of events, now states working toward zero emissions have bigger public pools of capital to invest.
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