04-09-2024, 10:42 AM
WV knows which side their bread is buttered on........
West Virginia cracks down on major banks over environmental activism
'We are absolutely going to stand by our industries here in fossil fuels,' says West Virginia State Treasurer Riley Moore
The State of West Virginia banned four major financial institutions from entering into tens of billions of dollars worth of state contracts over their environmental policies.
West Virginia State Treasurer Riley Moore added Citigroup, TD Bank, HSBC and The Northern Trust Company – banks which collectively oversee assets worth trillions of dollars – to his state's Restricted Financial Institution List after he determined they are actively engaged in a boycott of the fossil fuel industry. The action was taken in accordance with a 2022 law the state's legislature passed to fight back against the sustainable investing movement.
https://www.foxbusiness.com/politics/wes...l-activism
West Virginia cracks down on major banks over environmental activism
'We are absolutely going to stand by our industries here in fossil fuels,' says West Virginia State Treasurer Riley Moore
The State of West Virginia banned four major financial institutions from entering into tens of billions of dollars worth of state contracts over their environmental policies.
West Virginia State Treasurer Riley Moore added Citigroup, TD Bank, HSBC and The Northern Trust Company – banks which collectively oversee assets worth trillions of dollars – to his state's Restricted Financial Institution List after he determined they are actively engaged in a boycott of the fossil fuel industry. The action was taken in accordance with a 2022 law the state's legislature passed to fight back against the sustainable investing movement.
https://www.foxbusiness.com/politics/wes...l-activism