A number of states are investigating some of the country's biggest banks suspected of blocking credit to companies whose business is connected to fossil fuels and Attorney General Ken Paxton says Texas is joining them.
On Wednesday, Paxton named six banks that are being targeted in the investigation including Citigroup, Bank of America, Goldman Sachs, Wells Fargo, JP Morgan Chase and Morgan Stanley.
“The radical climate change movement has been waging an all-out war against American energy for years, and the last thing Americans need right now are corporate activists helping the left bankrupt our fossil fuel industry,” said Attorney General Paxton. “If the largest banks in the world think they can get away with lying to consumers or taking any other illegal action designed to target a vital American industry like energy, they’re dead wrong. This investigation is just getting started, and we won’t stop until we get to the truth.”"the radical climate change movement has been waging an all-out war against American energy for years."
Texas oil and gas companies employ nearly 300,000 workers, making it the top energy production state in the country.
Related
LISTEN on the Audacy App
Sign Up and Follow NewsRadio 1080 KRLD