Texas adds NatWest to its "boycotting" energy firms list for restricting energy financing.

Texas has added UK lender NatWest to its list of alleged "boycotting" energy firms, due to the bank's decision to restrict energy financing. NatWest announced it won't renew, refinance, or extend existing lending for oil and gas exploration after 2025. Under Texas law, companies on the list face restrictions on business with state entities, such as pension funds.

August 14, 2024
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