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'The Kind of Loophole That's Big Enough to Drive a Truck Through': A Legal View of Anti-ESG Legislation in the US, Responsible Investor

July 12, 2022

Partner Lance Dial was interviewed by Responsible Investor about a Texas bill requiring the state comptroller to list companies that have pledged not to work with the fossil fuel industry due to environmental, social, and governance commitments.

“There are a few interpretative gaps, such that even if someone is generally refusing to do business with energy companies, they could say they aren’t ‘boycotting energy companies’ as defined in the statute,” Lance said.

“That’s the kind of loophole that’s big enough to drive a truck through.”

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