Bloomberg (January 8)
2025/ 01/ 09 by jd in Global News
“Texas Attorney General Ken Paxton dropped his threat to cut off big US banks from municipal-bond deals after a slew of Wall Street firms exited a controversial climate-finance alliance.” Paxton’s approval power over “most public bond offerings” allowed him considerable “influence over which banks can participate in such transactions.” Paxton’s office announced a review in 2023 of financial firms that were “members of the Net-Zero Banking Alliance, which he has repeatedly criticized.”
Tags: A.G., Banks, Climate, Controversial, Exited, Finance, Influence, Municipal-bond deals, Net-Zero Banking Alliance, Paxton, Texas, Transactions, U.S., Wall Street firms
