Major banks banned by GOP state for boycotting fossil fuel industry

[Elderberry]

American Military News by Timothy Frudd April 09, 2024

West Virginia State Treasurer Riley Moore revealed Monday that the state is adding four major financial institutions to the “Restricted Financial Institution List,” banning them from providing banking services to the state due to their environmental activism and boycott of the fossil fuel industry.

A press release by Moore’s office explained that Citigroup, HSBC, TD Bank, and The Northern Trust Company will no longer be eligible for banking transactions with West Virginia following a review of each bank’s environmental, social, and governance (ESG) policies.

Fox Business reported that Citigroup, HSBC, TD Bank, and The Northern Trust Company will join Goldman Sachs, JPMorgan Chase & Co., BlackRock, Wells Fargo & Co., and Morgan Stanley on the Restricted Financial Institution List.

More: https://americanmilitarynews.com/2024/04/major-banks-banned-by-gop-state-for-boycotting-fossil-fuel-industry/

[mountaineer]

 
I should point out that Treasurer Moore is now running for Congress. Thankfully, he seems to be a heck of a lot more conservative than his aunt U.S. Sen. Shelley M. Capito (whose son is running for governor - yay, family dynasties).