{"id":1516221,"date":"2022-06-15T06:19:45","date_gmt":"2022-06-15T10:19:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1516221"},"modified":"2022-06-15T06:19:53","modified_gmt":"2022-06-15T10:19:53","slug":"west-virginia-bans-wall-street-firms-from-contracts-over-bias-against-fossil-fuels","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/west-virginia-bans-wall-street-firms-from-contracts-over-bias-against-fossil-fuels\/","title":{"rendered":"West Virginia Bans Wall Street Firms From Contracts Over Bias Against Fossil Fuels"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwest-virginia-bans-wall-street-firms-from-contracts-over-bias-against-fossil-fuels%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1516221&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"header\" data-v-1408f321=\"\">\n<p><span class=\"label\" data-v-1408f321=\"\">American News<\/span> <span class=\"published\" data-v-1408f321=\"\">Jun 14, 2022 5:13 PM<br \/>\n                                EST<\/span><\/p>\n<p class=\"excerpt mb-4\" data-v-1408f321=\"\">\n                            Moore said that the ban comes in response to a recently passed state law that is designed to &#8220;push back against unfair discrimination against our coal, oil and natural gas industries by the financial sector.&#8221;\n                        <\/p>\n<\/div>\n<div class=\"body\" data-v-1408f321=\"\">\n<div class=\"content\" data-v-1408f321=\"\">\n<div class=\"reader-container\" data-v-1408f321=\"\">\n<section class=\"cover\" data-v-1408f321=\"\"><\/section>\n<section class=\"author\" data-v-1408f321=\"\"><\/section>\n<section class=\"show-sm\" data-v-1408f321=\"\"><\/section>\n<section id=\"story-body\" class=\"article\" data-v-1408f321=\"\">\n<div class=\"article-content\" data-v-f313b7e6=\"\" data-v-1408f321=\"\">\n<div class=\"html-content\" data-v-f313b7e6=\"\">\n<article class=\"html\" data-v-f313b7e6=\"\">\n<section data-v-f313b7e6=\"\">\n<p>The West Virginia government will be banning six of the nation&#8217;s largest financial institutions from future state contracts over their ESG policies and bias against the <a href=\"https:\/\/thepostmillennial.com\/most-americans-want-us-to-increase-fossil-fuel-production-despite-biden-admins-push-for-green-energy\">fossil fuel industry<\/a>.<\/p>\n<\/section>\n<section data-v-f313b7e6=\"\">\n<p>The financial institutions that will be banned from state contracts include BlackRock Inc., Wells Fargo &#038; Co., JP Morgan Chase &#038; Co., Morgan Stanley, The Goldman Sachs Group Inc. and US Bancorp, according to <em><a href=\"https:\/\/www.politico.com\/news\/2022\/06\/14\/banks-letter-west-virginia-boycott-fossil-fuels-00039246\">Politico<\/a><\/em>.<\/p>\n<\/section>\n<section data-v-f313b7e6=\"\"><\/section>\n<section data-v-f313b7e6=\"\">\n<p>State Treasurer Riley Moore sent the companies a letter on Friday notifying them that they will be placed on the West Virginia&#8217;s Restricted Financial Institution List in 45 days, the outlet reports.<\/p>\n<\/section>\n<section data-v-f313b7e6=\"\">\n<p>The financial institutions have 30 days to respond to Moore&#8217;s letter with information showing that they are not<a href=\"https:\/\/thepostmillennial.com\/breaking-biden-says-gas-prices-will-rise-calls-it-putins-price-hike\"> boycotting<\/a> the fossil fuel industry, or they will be placed on the list. If they choose not to respond, the firms will be ineligible to remain in banking contracts with the state.<\/p>\n<\/section>\n<section data-v-f313b7e6=\"\">\n<p>Moore said that the ban comes in response to a recently passed state law that is designed to &#8220;push back against unfair discrimination against our coal, oil and natural gas industries by the financial sector.&#8221;<\/p>\n<\/section>\n<section data-v-f313b7e6=\"\">\n<p>The state of West Virginia relies heavily on the fossil fuel industry as they rank No. 2 in coal production, No. 5 in natural gas production and No. 5 in total energy production, <a href=\"https:\/\/www.eia.gov\/state\/?sid=WV\">according to the Energy Information Administration<\/a>.<\/p>\n<\/section>\n<section data-v-f313b7e6=\"\">\n<p>Moore is leading a 15 state-coalition that is organizing efforts to go after banks that are <a href=\"https:\/\/thepostmillennial.com\/bidens-latest-executive-order-halts-fossil-fuel-leases-on-federal-land\/\">displaying bias towards the fossil fuel industry<\/a>.<\/p>\n<\/section>\n<section data-v-f313b7e6=\"\">\n<p>Last year, Texas Gov. Greg Abbott last year enacted a law which bans the state from investing with companies boycotting fossil fuels.<\/p>\n<\/section>\n<section data-v-f313b7e6=\"\">\n<p>Democrat Kentucky Gov. Andy Beshear joined the coalition and signed a similar bill into law earlier this year.<\/p>\n<\/section>\n<\/article>\n<\/div>\n<\/div>\n<\/section>\n<div class=\"revcontent-slot\" data-v-4da339e1=\"\" data-v-1408f321=\"\">\n<p>Ads by revcontent<\/p>\n<\/p><\/div>\n<section class=\"contributions-container\" data-v-1408f321=\"\">\n<div class=\"partial contributions-epic\" data-v-37b8bc14=\"\" data-v-1408f321=\"\">\n<div class=\"inner\" data-v-37b8bc14=\"\">\n<h2 data-v-37b8bc14=\"\">Join and support independent free thinkers!<\/h2>\n<div class=\"words\" data-v-37b8bc14=\"\">\n<p data-v-37b8bc14=\"\">\n                We\u2019re independent and can\u2019t be cancelled. The establishment<br \/>\n                media is increasingly dedicated to divisive cancel culture,<br \/>\n                corporate wokeism, and political correctness, all while<br \/>\n                covering up corruption from the corridors of power. The need<br \/>\n                for fact-based journalism and thoughtful analysis has never<br \/>\n                been greater. When you support The Post Millennial, you<br \/>\n                support freedom of the press at a time when it&#8217;s under<br \/>\n                direct attack.<br \/>\n                <strong data-v-37b8bc14=\"\">Join the ranks of independent, free thinkers by<br \/>\n                    supporting us today for as little as $1.<\/strong><\/p>\n<\/div><\/div>\n<\/div>\n<\/section>\n<section class=\"comments-area\" data-v-1408f321=\"\"><\/section>\n<section class=\"ntvoboap\" data-v-1408f321=\"\"><\/section>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>American News Jun 14, 2022 5:13 PM EST Moore said that the ban comes in response to a recently passed state law that is designed to &#8220;push back against<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1516221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1516221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1516221"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1516221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1516221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1516221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1516221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}