Texas Blames ESG Efforts in Probe of Xcel Over 2024 Wildfires

(Bloomberg) – Texas Chief Public Prosecutor is investigating Xcel Energy Inc. and its contractor for two forest fires that ruined the state last year, saying that companies may give priority to environmental and diversity targets in maintenance and safety.

“It is unthinkable that Ken Paxton, who said on Friday, may have sacrificed the prosperity of the infrastructure maintenance of benefit companies, the public security and the prosperity of our Texas communities for radical ESG and DEI goals.” He said.

Xcel shares fell to 4.5% after the investigation was announced before the rebound and fell 1.8% at 11:56 in New York.

Xcel, the infrastructure, Texas Panhandle more than 1 million acres of united, destroying farms and thousands of animals and two people killed the Smokehouse Creek fire, probably accepted that the fire. However, the company objected that the power lines fired the nearby windy Deuce Blaze, the other event mentioned in the investigation.

Climate change has matured for more frequent and destructive forest fires. It faces assembly pressure to better protect public services equipment throughout the USA. And while energy companies have been found to cause flames in recent years, there is no evidence of giving priority to other initiatives.

Chief Public Prosecutor’s Offices, Xcel, southwest public service company and contractor Osmose Utilities issued civilian investigation letters.

An XCel representative did not make a statement immediately, an Osmose representative did not respond to his request for comments immediately.

The state -led states aimed at companies and financial institutions to adopt environment, social and governance policies or ESG, which limits work with firearms or fossil fuel industries. They also criticized diversity, equality and attempts to include, or Deı.

Texas restricts the work of the state to companies that discriminate against firearms or boycott oil and gas companies. The ESG edition for investment companies, pension funds and legal practices decreased slightly due to efforts to avoid the attacks of President Donald Trump and Republicans.

Xcel has set a net zero carbon emission target until 2050, which is common among public services companies. The company is faced with the cases of Smokehouse Fire victims and will continue to stand on the role of the 2021 Marshall fire in Colorado next month.

With the help of Albright.

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