State has banned UK-based Barclays bank from serving as an underwriter in Texas’ muni bond market, following failure to respond to questions on its ESG policies.
Texas Attorney General Ken Paxton on Friday said Barclays would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.
A spokesperson for Barclays declined to comment to news outlets about it.
Barclays was previously identified
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