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Wall Street Must Come Clean on Fossil-Fuel Plans, Texas Says

  • Texas Comptroller has asked firms to clarify their policies
  • Hegar says firms craft different narratives for clients
Updated on

Texas Comptroller Glenn Hegar says he wants financial services firms to be transparent in their environmental, social and governance rhetoric.

Heger in an interview said that many Wall Street firms have “two thought processes” depending on which clients they deal with, crafting one narrative about divesting from fossil fuels, and another when trying to land business in the oil and gas industry.