Texas Investigates Xcel Over Wildfires, Citing ESG Concerns

Texas is looking into Xcel Energy because of some big wildfires last year.

They think the company may have been more focused on things like being environmentally friendly and diverse, instead of making sure everything was safe.

The state is worried that this might have caused problems.

Xcel's power lines may have caused the Smokehouse Creek fire, which was huge, but Xcel says its power lines did not spark the Windy Deuce blaze.

Texas, like some other places, doesn't like companies that prioritize environmental or social goals over everything else.

Xcel wants to stop adding carbon to the atmosphere by 2050.