{"id":1901480,"date":"2023-03-20T14:29:56","date_gmt":"2023-03-20T18:29:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/texas-blacklists-hsbc-over-boycott-of-fossil-fuels\/"},"modified":"2023-03-20T14:33:27","modified_gmt":"2023-03-20T18:33:27","slug":"texas-blacklists-hsbc-over-boycott-of-fossil-fuels","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/texas-blacklists-hsbc-over-boycott-of-fossil-fuels\/","title":{"rendered":"Texas blacklists HSBC over &#8216;boycott&#8217; of fossil fuels"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftexas-blacklists-hsbc-over-boycott-of-fossil-fuels%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1901480&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body RichTextBody\">\n<p><span class=\"ArticlePage-articleBody-firstLetter\">T<\/span>exas Comptroller Glenn Hegar has added banking giant HSBC to his list of firms boycotting energy companies and subject to state fund divestment. The bank&#8217;s recently updated policy of not financing oil and natural gas has led to its inclusion on the list of 11 global financial firms, including BlackRock. The Texas law prohibits investment and requires divestment for state funds entrusted to Hegar&#8217;s list of companies. The state is the primary producer of oil and natural gas in the US. <\/p>\n<p>HSBC announced in December of 2020 that it would no longer finance new oil and gas ventures because of climate change. Similarly, many of HSBC&#8217;s peers and even some fund managers have adopted similar policies of limiting or phasing out investments in fossil fuel ventures, while prioritizing renewable energy sources. <\/p>\n<p>Republican-run states are against such practices, indicating that they are a boycott of traditional energy sources, and have sought to punish banks and fund managers who implement politically motivated measures regarding climate change.  On the other hand, some of the firms targeted by these &#8220;red states,&#8221; including BlackRock, continue to finance new oil and gas ventures and have challenged Republicans&#8217; descriptions of their policies. <\/p>\n<p>HSBC pursues such policies to limit new fossil fuel financing to restrain greenhouse gas emissions and prevent global warming. <\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8216;Read More From <a href=\"https:\/\/www.washingtonexaminer.com\/restoring-america\/faith-freedom-self-reliance\/texas-adds-hsbc-to-fossil-fuel-blacklist\">&#8220;Texas blacklists HSBC over &#8216;boycott&#8217; of fossil fuels&#8221;<\/a>&#8216;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Texas Comptroller Glenn Hegar announced the addition of banking giant HSBC to his list of firms deemed to be &#8220;boycotting&#8221; energy companies and therefore subject to divestment of state funds. Hegar said the bank&#8217;s updated policy restricting financing of oil and natural gas was cause for its addition to the list, which brings Texas&#8217;s blacklist<\/p>\n","protected":false},"author":1,"featured_media":1901481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[6898,6812,13153,12013,21468,3694],"class_list":["post-1901480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-blacklists","tag-boycott","tag-fossil","tag-fuels","tag-hsbc","tag-texas"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1901480"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1901481"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1901480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1901480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1901480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}