Businessman looks on collapse domino effect. Stress resistance business. Financial stability. Recovery business. Evaluation of cash risks. Creating a strategy. Management and planning. Decision making

AXIOS reports:

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 a list of 10 companies and 349 investment funds that will be barred from doing business with the state because they “boycott energy companies.”

– The list follows enactment of a law last year prohibiting most state agencies and local governments from contracting with such firms.

– BlackRock, Credit Suisse and UBS ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.