Texas Comptroller Glenn Hegar has included NatWest in the roster of financial institutions banned from doing business with the state, in accordance with a new Texas law.
This legislation aims to protect major oil and gas companies that play a vital role in the Texas economy. It was introduced by Republican lawmakers who are concerned about the implementation of environmental, social, and governance (ESG) objectives across various industries.
NatWest has been identified as one of the firms refusing to engage with energy companies, thereby potentially facing restrictions on its business dealings with state entities under the new law. For more details, you can read the full article here .