
West Virginia's Treasurer, @RileyMooreWV, has taken a significant step by restricting four major financial services firms, @Citi, @HSBC, @TDBank_US, and @NorthernTrust, from engaging in state banking services, citing their boycott of the fossil fuels industry. This action is part of West Virginia's broader stance against what it perceives as attacks on its primary industry, fossil fuels, by financial institutions with environmental, social, and governance (ESG) policies that limit their involvement with fossil fuel companies. The state has added these firms to an ESG blacklist, signaling a crackdown on environmental activism within the financial sector. Additionally, BMO has recently reversed its policy on restricting lending to the coal industry, avoiding the same fate as the other four institutions.
West Virginia bars Northern Trust, Citi from banking contracts over oil https://t.co/wGuesiDSDs via @pensionsnews
BMO drops anti-coal policy, avoids energy 'boycotter' label in West Virginia https://t.co/Q8icjF5tOE https://t.co/r1LsLNXaKJ
W. Virginia Adds 4 Banks to Restricted Financial Institution List in Latest Blow to Radical ESG Movement https://t.co/govaF81Pbx














