Texas Adds NatWest to Divestment List for “Boycotting” Energy Companies.

On August 14, 2024, Texas Comptroller Glenn Hegar added NatWest Group to the state’s divestment list due to its policy of ending financing for oil and gas projects by 2025. This inclusion means NatWest could face restrictions on business with Texas state agencies and potential divestment from state pension funds. This action is part of Texas’ broader effort to penalize financial institutions that limit support for the fossil fuel sector.