Judge rules Texas anti-ESG law is unconstitutional

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Judge Alan AlbrightA federal judge this week determined that a Texas state law that seeks to prevent state funds from being invested with financial firms that boycott fossil fuel companies is unconstitutional.

Texas federal Judge Alan Albright, an appointee of President Trump, found that state law S.B. 13 was a violation of the First and 14th amendments.

“SB 13’s application to protected speech is ‘substantial,’” he wrote in a decision published Wednesday, adding that this makes it “unconstitutional and unenforceable.”

He found the law to be too broad, saying it “permits the State to penalize companies for all manner of protected expression concerning fossil fuels.”

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