Texas Adds NatWest to Boycott List Against Energy Companies
Thursday, 15 August 2024, 08:36
NatWest Group Added to Texas Boycott List
The Texas comptroller, Glenn Hegar, has announced that the NatWest Group is now on the state's list of firms boycotting energy companies. This list includes financial institutions that are alleged to restrict business with fossil fuel companies.
Implications for NatWest Group
- This move could potentially limit NatWest's operations in Texas.
- Texas has implemented laws to safeguard the oil and gas sector against such boycotts.
Conclusion
The inclusion of NatWest Group on this list underscores the growing tensions between financial institutions focused on climate initiatives and state efforts to support traditional energy sectors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.