Anti-ESG Bill Proves to Negatively Impact Texas’ Economy

A recent study reveals that two anti-ESG laws passed in Texas in 2021 have caused a significant loss of jobs, decreased economic activity, and reduced tax revenues. Economist Jon Hockenyos emphasizes the unintended consequences of government interference in business decisions, stressing the importance of a free market. The research also shows increased borrowing costs for the state and higher fees for local governments issuing bonds due to reduced competition. Despite opposition, the legislation remains, reflecting a trend of prioritizing industry interests over environmental and social concerns.