West Virginia Expands ESG Blacklist, Bans Four More Financial Firms

West Virginia's treasurer has barred Citigroup Inc., Toronto-Dominion Bank, Northern Trust Corp., and HSBC Holdings PLC from providing state banking services due to their perceived boycott of the fossil fuels industry, based on their environmental, social, and governance policies. This decision stems from a 2022 GOP law and includes a total of nine financial services companies on the state's list. The affected banks have either declined to comment or stated that they do not boycott the industry, while the state treasurer, Riley Moore, who is running for Congress, has emphasized his opposition to the "woke corporate agenda."