Barclays receives Texas loan ban for being too ‘woke'

Barclays has been barred from taking part in municipal bond issuances in Texas after being classified as a ‘fossil fuel boycotter’ by the US state. Ken Paxton, the state’s Attorney General, said the UK lender had not responded to questions about its pledges to cut greenhouse gas emissions. Known as the US oil state, Texas has already struck other banks off its lending list due to concern about their ESG stances. According to Reuters, Barclays was identified by the Attorney General as part of the Net Zero Al ...