Earlier this year, Moore recommended that lawmakers pass Senate Bill 262, which authorizes the Treasurer to publish a Restricted Financial Institution List. The state legislature gave Moore the power to issue the list and disqualify any firm on the list from state banking contracts.
Moore initially identified six financial institutions potentially engaged in boycotts of energy companies and provided them with written notice. These institutions had 30 days to submit additional information disputing their potential inclusion on the Restricted Financial Institution List. All six institutions submitted responses, which the Treasurer reviewed alongside each institution’s public policy statements.
Today the list of financial institutions no longer eligible to bid on banking contracts is on the Treasurer’s website. Moore has determined that BlackRock Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, and Wells Fargo & Co. are engaged in boycotts of fossil fuel companies. Out of the six financial institutions initially served with notice, U.S. Bancorp was not placed on the List because it demonstrated to the Treasurer that it had eliminated policies against financing coal mining, coal power, and pipeline construction activities from its Environmental and Social Risk Policy.
https://pjmedia.com/news-and-politics/stacey-lennox/2022/07/28/west-virginia-might-just-save-the-republic-if-other-republican-state-leaders-get-on-board-n1616385
