Source: Foundation for Economic Education
by Rachel Chiu
“Earlier this month, US District Judge Alan Albright granted an injunction against Texas Senate Bill 13 (‘SB 13’), a state law aimed at curbing ‘woke capitalism’ and environmental, social, and governance (ESG) practices. Over the past few years, these practices have taken the form of regulations, reporting requirements, and credit metrics on areas including environmental impact and diversity. Conservatives have pushed back on ESG, believing that these initiatives have enabled progressive ideology and values to undermine business investments. … Lawmakers have good reason to be skeptical of ESG principles and their effects on investment. However, Judge Albright’s ruling is a potent reminder that overly expansive legislative fixes can skirt too close to civil liberties and ultimately fail to achieve their intended objectives.” (03/01/26)