Brief urges Fifth Circuit to reject Texas ESG ruling

The Liberty Justice Center has filed an amicus brief in the U.S. Court of Appeals for the Fifth Circuit, urging justices to reverse a lower court ruling that forces the State of Texas to invest in companies that boycott the state’s own energy industry.

The brief was filed on March 26 in the case of American Sustainable Business Council v. Hegar.

LJC is arguing that while the First Amendment protects the right of every American to express their views, it does not grant corporations a right to have their political activism subsidized by the government.

The case involves a Texas law requiring state pension funds to divest from companies that engage in environmental, social, and corporate governance (ESG) practices targeting fossil fuels.

A district cour...