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Business group sues to strike Texas’ anti-ESG investment ban

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Business group sues to strike Texas’ anti-ESG investment ban


AUSTIN — A progressive business group has sued to strike a 2021 Texas law that banned the state from doing business with companies the state has deemed hostile to the fossil fuel industry.

The American Sustainable Business Council filed suit against Attorney General Ken Paxton and Comptroller Glenn Hegar, alleging that Senate Bill 13 violates the First and Fourteenth Amendments.

Paxton and Hegar did not immediately respond to requests for comment.

The so-called anti-ESG law (which stands for environmental, social and governance) has led Texas to divest investments from 16 financial companies, including investment giant BlackRock, Inc. and UBS Group AG. Neither firm is a plaintiff in the suit.

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“SB 13 is not just a misguided policy; it is an unconstitutional attack that stifles free speech and punishes businesses for prioritizing responsible investments,” said David Levine, president and co-founder of the American Sustainable Business Council. “By challenging SB 13, we aim to protect the rights of all businesses to operate freely and responsibly.”

The law came about in response to several investment companies adopting investment philosophies that prioritized environmental issues, social issues and corporate governance. BlackRock, which controls about $10.5 trillion in assets, was made a centerpiece of the political uproar in Texas after its CEO announced that it was turning away from oil and gas investments.

BlackRock’s CEO Larry Fink has signaled a willingness to make amends with Texas lawmakers by cohosting a natural gas investment symposium alongside Lt. Gov. Dan Patrick earlier this year in Houston. However, the company remains banned from doing business with Texas, according to the comptroller’s office.

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The American Sustainable Business Council includes members Etho Capital and Sphere – investment firms that manage index funds focused on climate sustainability. The comptroller’s office has blacklisted “flagship investment funds” from each company, according to the lawsuit.

Since the law’s implementation, state funds such as the Permanent School Fund and Teacher Retirement System of Texas have unloaded billions of dollars in assets once managed by BlackRock and other companies banned from Texas. That has cost taxpayers about $1.5 billion in unrealized financial gains and increased interest payments on government loans, according to economists at the Perryman Group.

Democracy Forward, a progressive legal advocacy organization, is representing plaintiffs.

“Governor [Greg] Abbott should have never signed SB 13. The law is bad for Texas businesses and taxpayers and violates the U.S. Constitution,” said Skye Perryman, Democracy Forward’s CEO. “It is past time for Gov. Abbott, Lt. Gov. Patrick and their associates in the Texas legislature to prioritize the wellbeing of people in the state. Texas businesses, taxpayers, workers, and public employees will be better off if SB 13 is struck down.”



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Austin, TX

Southwest Airlines to open a new Crew Base in Austin, Texas

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Southwest Airlines to open a new Crew Base in Austin, Texas


Southwest Airlines announced today that a new Crew Base for Pilots and Flight Attendants will open in March 2026 in Austin, Texas, creating more than 2,000 new jobs based at Austin Bergstrom International Airport (AUS) and positioning the airline for continued growth in Central Texas.

Most Employees at the new Base will be Captains, First Officers, and Flight Attendants, supported by new Base Leadership and supporting staff. Southwest is also planning to add a recurring training facility for Flight Attendants as part of its ongoing business transformation.

Bob Jordan, President, Chief Executive Officer, and Vice Chairman of the Board, said: “This investment demonstrates our commitment to Austin and to our Customers.

“As the largest carrier at Austin Bergstrom International Airport, we appreciate the vision of Governor Abbott and Mayor Watson in clearing the way for Austin to become an even bigger part of our future.”

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Southwest is Austin’s largest air carrier with more than 130 peak-day departures that served approximately 6.7 million Customers in 20241.

Next March, new service begins to popular leisure destinations, including Fort Myers, Fla., Palm Springs, Calif., and Steamboat Springs (Hayden), Colo., bringing the total of nonstop destinations from Austin to 53.

Southwest also will begin daily service between Austin and Cincinnati, Ohio, next June, and has increased seasonal service in markets such as Pensacola, Fla.

Southwest expects to open the new base in early March, starting with approximately 335 Pilots and 650 Flight Attendants. By mid-2027, the base will reach its expected size of 2,000 total Employees.

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Austin, TX

Austin opens cold weather shelters ahead of freezing temps

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Austin opens cold weather shelters ahead of freezing temps


As the Austin area prepares to plunge into freezing temperatures Sunday night, the city is initiating its Cold Weather Shelters protocol.

Those wanting to use the emergency shelters, which open when overnight temperatures reach 35 degrees or lower, must register between 6-8 p.m. at One Texas Center (OTC) on Barton Springs Road, according to a release from the city. Those interested and in need of transport can reach the OTC via bus lines 1, 7, 10, 20, 30, 105 and 801. Anyone who can’t pay bus fare but needs shelter will still be allowed to ride, a Facebook post from the city said.

Following registration, CapMetro shuttles will take guests from the OTC to a cold weather shelter. The addresses for these shelters are kept confidential due to “safety, privacy and capacity concerns,” according to the Austin American-Statesman.

The Statesman also reported that shelters provide meals and allow leashed, friendly pets.

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All parks and libraries are meanwhile serving as warming centers during regular operating hours, except for Austin Public Library’s Old Quarry Branch and Willie Mae Kirk Branch.



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Austin, TX

Building cleared after non-credible bomb threat made in Downtown Austin

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Building cleared after non-credible bomb threat made in Downtown Austin


A Downtown Austin building was cleared after a bomb threat was made Saturday night.

Police say that the call came in at 9:38 p.m., after which officers arrived to the scene and cleared a nearby building at 311 E 6th St.

ALSO: H-E-B delights Austin airport travelers with surprise gift vending machine pop-up

The threat was found to not be credible, and no one was injured.

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Police say no one is in custody and they will be clearing the scene shortly.



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