Published 24 days ago

West Virginia bans four more financial institutions over ESG policies

A law introduced by state Treasurer Riley Moore in 2022 allows the state to exclude financial institutions that refuse to do business with fossil fuel companies from contracting with the state for banking services.
The law specifically targets banks using ESG policies.
The law's passage could impact financial institutions' ability to do business with the state based on their interactions with fossil fuel companies.

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Washington Examiner

West Virginia bans four more financial institutions over ESG policies

West Virginia is banning four more banks from state contracts over their ESG policies and “boycotts” of fossil fuel companies. Riley Moore, the West Virginia state treasurer, made the announcement

25 days ago·Washington, United States

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Financial Post

West Virginia Bars Citi, HSBC From Banking Contracts Over Oil

(Bloomberg) — West Virginia’s treasurer announced that he is restricting four financial services firms from providing state banking services because he says they “boycott” the fossil fuels industry.

25 days ago·Canada

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The Blaze

West Virginia won't do business with 4 major financial institutions that reportedly 'boycott' fossil-fuel companies

The state of West Virginia will no longer enter into contracts with four major financial institutions that reportedly "boycott" companies affiliated with the fossil-fuel industry, a mainstay of the West Virginian economy.On Monday, Republican state Treasurer Riley Moore, currently running for Congre...

24 days ago·United States

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WTVB

West Virginia treasurer adds four finance firms to ESG blacklist

By Isla Binnie NEW YORK (Reuters) - West Virginia added four financial firms on Monday to a list of institutions that may be barred from some state business because the state's treasurer deems they are boycotting the fossil fuel industry. It was th...

25 days ago

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RedState

W. Virginia Adds 4 Banks to Restricted Financial Institution List in Latest Blow to Radical ESG Movement

24 days ago·Washington, United States

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Just the News

West Virginia restricts more banks with anti-fossil fuel policies from doing business with the state

In 2022, West Virginia passed a law that authorizes the state treasurer to publish a list of financial institutions that have publicly stated they refuse, terminate or limit doing business with coal, oil or natural gas companies without a reasonable business reason.

25 days ago·Washington, United States

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