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Texas bans Barclays from local govt debt business over ESG concerns

Texas Attorney General Ken Paxton on Friday said Barclays bank 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. Republican officials have criticised environmental, social and governance (ESG) investing and have moved to limit the role of other banks in the local government debt market over such concerns. A Barclays spokesman declined to comment.
United Kingdom United States Mark Porter Isla Binnie United Nations Attorney General Ken Paxton
Source: yahoo.com

Northrop swings to loss on B-21 headwinds

Northrop Grumman on Thursday said it swung to a loss in the fourth quarter from a year-earlier profit as it took a $1.17 billion charge related to the U.S. Air Force's next-generation B-21 stealth bomber. The B-21 started flight tests during the fourth quarter, after which the U.S. Air Force awarded Northrop a low-rate initial production (LRIP) contract for the bomber on a fixed-price basis. "We believe it is probable each of the first five LRIP lots will be performed at a loss,&#x22...
Falls Church United States Pratyush Thakur Mike Stone Mark Porter Us Air
Source: yahoo.com

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