Wall Street giants have a Texas-sized problem: making good on flashy vows to make clients’ investments greener while limiting political and financial blowback from red states.
Catch up fast:On Wednesday, Texas Republican Comptroller Glenn Hegar released alist of 10 companiesand349 investment fundsthat will be barred from doing business with the state because they “boycott energy companies.”
– The list followsenactment of a law last yearprohibiting most state agencies and local governments from contracting with such firms.
