West Virginia treasurer adds four finance firms to ESG blacklist | Reuters

West Virginia added four financial firms on Monday to a list of institutions that may be barred from some state business because the state’s treasurer deems they are boycotting the fossil fuel industry.

It was the latest move in a bubbling dispute between Republican officials and Wall Street firms over use of environmental, social and governance (ESG) factors in banking and business.

West Virginia, a major energy-producing state, created the list in 2002, placing five firms on it at the time.

On Monday state Treasurer Riley Moore, said that Citigroup (C.N),  HSBC Holdings (HSBA.L), TD Bank (TD.TO), and the Northern Trust Co (NTRS.O) had been added to the list.

Source: West Virginia treasurer adds four finance firms to ESG blacklist | Reuters