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
West Virginia stands up for fossil fuels, bans major banks from state contracts over ESG policies https://t.co/f3gpFtbZsX https://t.co/f3gpFtbZsX
BMO quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy "boycotter" in West Virginia https://t.co/501Kc2MPfR
West Virginia bars TD, HSBC, Citi, Northern Trust from banking contracts over ESG policies https://t.co/60Mjtme3V3 https://t.co/MvtceuAeR0
Not wanting to be out-silly'd by Texas, West Virginia celebrates Silly Season by restricting Citicorp, TD, Northern Trust and HSBC from providing state banking services because they “boycott” the fossil fuels industry https://t.co/1rsfpxMKM9 via @markets
West Virginia treasurer adds four finance firms to ESG blacklist https://t.co/h0gu5CU9hf https://t.co/MIFDHritLG
⚠️ WEST VIRGINIA TREASURER ADDS FOUR FINANCE FIRMS TO ESG BLACKLIST Full Story → https://t.co/awtM0aMab7 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… https://t.co/yqAPhHfKTn
West Virginia Bars Citi, HSBC From Banking Contracts Over Oil #oott https://t.co/ZU3GtD6zUa
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 https://t.co/AhVwXAeGBA
West Virginia cracks down on major banks over environmental activism https://t.co/84T3r3Alia
Fossil fuels are the lifeblood of West Virginia. We’ve offered woke financial institutions a choice: you can boycott fossil fuels, or you can do business with our state, but you can’t do both. We aren’t taking these attacks on our livelihoods lying down.https://t.co/P5Pxd91m7e
BREAKING: West Virginia Treasurer @RileyMooreWV has banned @Citi, @TDBank_US, @HSBC and @NorthernTrust from doing business with the state of West Virginia, after determining these institutions are engaged in boycotts of fossil fuel companies. https://t.co/zhzsE0FQMw https://t.co/wUhHMWE2y6
"It’s never been clearer that faculty reject the neoliberal educational model that WVU now exemplifies, its restructuring serving the needs of private equity rather than the underserved students of our state." Thanks @ARoseCasey https://t.co/THrwo6iZtu