FIRST ON FOX: The State of West Virginia banned four major financial institutions over their environmental, social and governance policies boycotting fossil fuels.
FIRST ON FOX: 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.
In accordance with state law, Moore issued notices in late February to Citigroup, TD Bank, HSBC and The Northern Trust Company, warning that they would be listed unless they altered their ESG strategy or demonstrated they are not boycotting the fossil fuel industry. Two other banks, BMO Bank and Fifth Third Bank, were also warned at the time, but they have since shown their investment strategy doesn't boycott traditional energy companies.
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