The financial fallout of an anti-ESG law in Texas

Wharton School finance professor Dan Garrett discusses findings in latest episode of ESG Out Loud podcast

Dan Garrett, an assistant professor of finance at The Wharton School, speaks with ESG Clarity about findings from his recent paper Gas, guns and governments: Financial costs of anti-ESG policies, co-authored with Ivan Ivanov.

A relatively new law in Texas that limits the state from doing business with financial services companies that have ESG policies has had a surprising effect on the muni bond market. Measures in other states could lead to similar issues.

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