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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Texas comptroller adds NatWest to list of companies ‘boycotting’ fossil fuel firms

Flares burn off methane and other hydrocarbons at an oil and gas facility in Texas
Flares burn off methane and other hydrocarbons at an oil and gas facility in Lenorah, Texas. The decision by the Texas comptroller, Glenn Hegar, is part of a wider crackdown by the US state on companies’ environmental, social and governance policies. Photograph: David Goldman/AP

Texas officials have added NatWest Group to a growing list of financial firms considered to be taking part in a “boycott” of energy companies, in a move that could limit the UK bank’s business with the oil-rich US state.

The high street banking group is the latest company to be targeted by the Texas comptroller, Glenn Hegar, who has been naming companies that restrict their business dealings with climate-harming fossil fuel firms.

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