Warned By Treasurer, 2 Banks Avoided List Of Restricted Institutions

Treasurer Riley Moore added HSBC, Citigroup, TD Bank and Northern Trust to its list of financial institutions barred from state contracts. BMO and Fifth Third were not added to the list.

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State Treasurer Warns 6 Banks They May Be Added To 'Restricted' List

Treasurer Riley Moore has sent letters to six financial institutions warning them their environmental, social and governance policies could cost them state contracts.

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Those 'Restricted' Banks? They May Be Supporting Fossil Fuels After All

JP Morgan Chase and Wells Fargo are among the top six institutions worldwide to invest in companies that burn coal, according to the Sierra Club.

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House Bill Could Restrict State Investments If It Becomes Law

The House of Delegates debated a bill Wednesday that would essentially block the state board of investments from investing in companies that refuse to support fossil fuels. House Bill 2862 would ensure that all shareholder votes, by or on behalf of the West Virginia Investment Management Board and the Board of Treasury Investments, are cast according to the monetary interests of the beneficiaries.

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