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Financial Giants Reject West Virginia’s Claims That They’re Boycotting Fossil Fuels

streetwisepol July 19, 2022 Business & Markets, cancel culture, coal, Companies, Congress, Democrats, Economic Policies, Economy, Featured Topics, Fossil Fuels, Gold and Commodities, Investment, Joe Manchin, Markets, Politics, Republicans, stocks, US, US News, West Virginia Comments Off on Financial Giants Reject West Virginia’s Claims That They’re Boycotting Fossil Fuels
Six financial institutions that West Virginia Treasurer Riley Moore contacted over their alleged boycotting of the fossil fuel industry have replied, denying the accusations while laying the groundwork for what could be a protracted legal battle.
The Epoch Times obtained the letters through a West Virginia Freedom of Information Act request.
Moore sent letters to BlackRock, JP Morgan Chase, U.S. Bancorp, Wells Fargo, Goldman Sachs, and Morgan Stanley on June 10.
That was in line with a new West Virginia law that limits the state’s ability to do business with financial institutions believed to be boycotting energy companies with ties to coal, oil, or natural gas production….

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