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Wall Street Firms Banned From Contracts With West Virginia Over Bias Against Fossil Fuels

by The Post Millennial
June 15, 2022
in Business
Wall Street firms banned from contracts with West Virginia over bias against fossil fuels

The West Virginia government will be banning six of the nation’s largest financial institutions from future state contracts over their ESG policies and bias against the fossil fuel industry .

The financial institutions that will be banned from state contracts include BlackRock Inc., Wells Fargo & Co., JP Morgan Chase & Co., Morgan Stanley, The Goldman Sachs Group Inc. and US Bancorp, according to Politico . State Treasurer Riley Moore sent the companies a letter on Friday notifying them that they will be placed on the West Virginia’s Restricted Financial Institution List in 45 days, the outlet reports.

The financial institutions […]

Read the rest of this story here: thepostmillennial.com

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