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West Virginia bans four more financial institutions over ESG policies

Posted on AllSides April 8th, 2024
From The Right

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 on Monday. The firms, which include Citibank, TD Bank, Northern Trust, and HSBC Holdings, had all been notified in February that their state contracts were at risk.

The state had already placed five firms on its restricted institutions list — BlackRock, Goldman Sachs, J.P. Morgan Chase, Morgan Stanley, and Wells Fargo. The first five firms on the list have lost access to some $18 billion...

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