Texas Scorecard by Katy Drollinger | August 26, 2022
“This research uncovered a systemic lack of transparency that should concern every American regardless of political persuasion.”Following a months-long investigation, Texas Comptroller Glenn Hegar released a list of 10 financial companies and 350 individual investment funds that are actively boycotting the oil and gas industry.
According to Hegar, “This research uncovered a systemic lack of transparency that should concern every American regardless of political persuasion.”
Earlier this year, the Comptroller’s Office sent hundreds of financial companies in Texas a survey asking them about future energy investment plans and if they were avoiding contracts with oil and gas companies. Although Hegar also considered companies’ public pledges to reach “net zero” emissions and their involvement with third-party climate change organizations, those acts were not enough to be considered a boycott.
Of the financial companies investigated, the Comptroller’s office found that 10 met the requirements of an oil and gas boycott. The list includes: BlackRock, Inc., BNP Paribas SA, Credit Suisse Group AG, Danske Bank A/S, Jupiter Fund Management PLC, Nordea Bank ABP, Schroders PLC, Svenska Handelsbanken and Swedbank AB.
More:
https://texasscorecard.com/state/texas-comptroller-names-10-companies-boycotting-oil-and-gas-industry/
