Monetary establishments might have hoped for political credit score from the local weather left by blacklisting fossil fuels, however their boycotts haven’t been with out price for states and society. Now West Virginia is main a motion by fossil-fuel states to return the disfavor.
Mountain State treasurer Riley Moore stated Thursday that BlackRock, Wells Fargo, J.P. Morgan Chase, Morgan Stanley and Goldman Sachs could possibly be excluded from new state banking contracts. State laws enacted this 12 months authorizes the treasurer to require monetary establishments to certify they aren’t “engaged in a boycott of power firms” to win a future banking contract.
