Make Me Smart From "How We Survive": The Death of ESG
Sep 2, 2025
Dive into the tumultuous world of ESG investing and its challenges in Texas. Discover how local legislation ignited a backlash against sustainability initiatives. Hear from a self-proclaimed 'carbon king' advocating for traditional energy amid rising controversies. Explore the clash between oil and gas interests and the push for climate action. Unpack the political dynamics fueling anti-ESG sentiments and the broader implications for a sustainable future. The conversation reveals that while the ESG brand may be under siege, its core principles could still thrive.
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Origin Story Of The Texas Anti-ESG Bill
- Jason Isaac recounts hearing oil companies say banks were denying them services because of ESG policies.
- He used a prior anti-boycott bill as a template and proposed banning firms that 'boycott' fossil fuels from Texas contracts.
ESG Framed As Weaponized Capital
- The bill targeted financial firms' perceived activist use of capital rather than their direct investment levels.
- Supporters framed ESG actions as 'weaponizing capital' against Texas industry interests.
Quick Passage Through The Texas Senate
- Senate Bill 13 passed the Texas Senate with overwhelming support and minimal opposition.
- The bill's quick passage signaled strong legislative momentum against ESG in Texas.