Texas added HSBC Holdings Plc to its checklist of monetary companies that “boycott” the fossil-fuel business, probably restricting what industry the financial institution can habits with the country’s second-most-populous state.
In the primary replace of the state’s carefully watched blacklist, to begin with printed in August, Texas Comptroller Glenn Hegar added the financial institution to the checklist his administrative center maintains on a state website. The 10 corporations at the authentic checklist, together with BlackRock Inc. and UBS Group AG, remained.
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The checklist is the results of a state legislation, enacted in 2021, that limits Texas governmental entities from doing industry with companies that prohibit …
