Texas banned 10 financial firms from doing business with the state after the comptroller said they didn't support the oil and gas industry. | via TexasTribune
Texas Comptroller Glenn Hegar said 10 financial firms can no longer do business with any level of state government because they have reduced or ended investments in the fossil fuels industry.
“The environmental, social and corporate governance movement has produced an opaque and perverse system in which some financial companies no longer make decisions in the best interest of their shareholders or their clients, but instead use their financial clout to push a social and political agenda shrouded in secrecy,” Hegar said in a written statement on Wednesday.
The other nine companies banned completely are: BNP Paribas SA, a French international banking group; Swiss-based Credit Suisse Group AG and UBS Group AG; Danske Bank A/S, a Danish multinational banking and financial services corporation; London-based Jupiter Fund Management PLC, a fund management group; Nordea Bank ABP, a European financial services group based in Finland; Schroders PLC, a British multinational asset management company; and Swedish banks Svenska Handelsbanken AB and Swedbank...
The Lone Star Chapter of the environmental group Sierra Club said Hegar’s “climate-denying publicity stunt will be costly for taxpayers.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas Releases List of the Big, Bad Banks That Are Bullying Fossil FuelsThe Texas comptroller has named 10 financial entities it thinks are 'boycotting' oil and gas.
Read more »
Texas Baptist Men Deploy to Help North Texas Flood VictimsOn Wednesday morning, volunteers with the Texas Baptist Men came to Larry Keyes’ home in Dallas, near Balch Springs, to assess the damage flood waters left behind.
Read more »
Texas names 10 companies as boycotters of state's energy industryTexas Comptroller Glenn Hegar on Wednesday announced the names of several financial firms he deems hostile to the state's fossil fuel industry.
Read more »
Texas bans local, state government entities from doing business with firms that “boycott” fossil fuelsTexas Comptroller Glenn Hegar singled out financial firms under a 2021 state law that prohibits most state entities from contracting with companies that have reduced or cut investments in the oil and gas industry.
Read more »
Lady Gaga says she hopes state will 'go blue' during Texas concertThe chart-topping singer made the remarks ahead of Beto O'Rourke's planned campaign stop in the Alamo City this Friday. Texas GregAbbott LadyGaga BetoforGovernor2022 SanAntonio SanAntonioTX
Read more »
Thursday's state-wide Texas high school football scoresHere is a look at the state-wide Texas high school football scores from Thursday.
Read more »