Riley Moore frames his decision to place BlackRock and four major US banks on a list of financial institutions that are restricted from business with West Virginia as a move to get back to banking basics.
Moore tells Euromoney that the banks – Goldman Sachs, JPMorgan, Morgan Stanley and Wells Fargo – are mounting a concerted campaign against fossil fuel companies with their endorsement of environmental, social and governance (ESG) standards that reduce financing to firms such as the coal miners that remain active in his state.
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