Texas can enforce an ESG-targeted law prohibiting state entities from investing in companies that boycott fossil fuels, a federal appeals court ruled, lifting for now a lower court’s pause against the measure.
A US Court of Appeals for the Fifth Circuit panel blocked the lower court injunction Friday, enabling the state to enforce the 2021 ban while it defends a challenge from an organization that pushes for sustainable business practices.
Democratic appointed Judges James E. Graves Jr. and Dana Douglas joined Republican-appointed Judge James Ho in the one-sentence order.
In a concurrence joined by no others, Ho said the ...