Hints and tips:
...In 2022, West Virginia led the way when it barred five financial firms, including JPMorgan, BlackRock and Goldman, from new state business, saying they were “boycotting” the fossil fuel industry....
...In January 2022, West Virginia treasurer Riley Moore, who manages the US state’s cash and financial dealings, became the first red-state official to pull money out of BlackRock....
...Virginia to Virginia....
...In West Virginia, the treasurer’s office will transfer banking services out of JPMorgan Chase by the end of November, according to a spokesman....
...The outflows started in 2022 after West Virginia state treasurer Riley Moore included BlackRock on the nation’s first list of financial firms deemed to boycott fossil fuel companies....
...Republican states reliant on the fossil fuel industry, including West Virginia and Oklahoma, have banned some asset managers from doing business with them, based on accusations of boycotting fossil fuels...
...Eighteen states have passed some form of anti-ESG law, and Texas and West Virginia among others are boycotting BlackRock funds....
...Paul Tonko, a Democratic congressman for New York, says the industry has been operating in “a wild west, largely unregulated environment” and is likely to precipitate a “public health crisis” unless the...
...Even as they opposed the legislation, oil companies and trade groups lobbied centrist West Virginia Democrat senator Joe Manchin, one of its architects, to include tax credits for carbon capture, hydrogen...
...Form Energy raised $450mn from investors in 2022 and this year is building a battery factory in West Virginia....
...Senator Joe Manchin, the IRA’s congressional bellwether, has the needs of West Virginia rather than western Europe in mind....
...Youngkin left in 2020 to pursue his political ambitions and was elected governor of Virginia last year. The challenges, meanwhile, facing Lee’s eventual successor are growing....
...“In our view, there is no quick fix to eliminating the interdependence between the design-intensive west, and manufacturing-intensive east,” they say....
...Previously, West Virginia banned five Wall Street lenders from state contracts accusing the likes of JPMorgan and Goldman Sachs of engaging in a “boycott of energy companies”....
...Virginia that will hire coal miners displaced as use of the fossil fuel declines....
...(Patrick Temple-West) Record year for climate pressure on Japan Inc It has been a historic year for environmental activism at Japan Inc....
...Republicans in Texas have targeted BlackRock as “hostile” to fossil fuel, and the state treasurers of Louisiana, West Virginia and Arkansas have collectively pulled out about $700mn of investments....
...Governors of Michigan, Georgia and Illinois, as well as West Virginia senator Joe Manchin, one of the IRA’s architects, were at the World Economic Forum in Davos last week extolling the virtues of the act...
...Before we get into the newsletter today, make sure you check out Myles’s lively dispatch from West Virginia, where the green energy push is colliding with a culture and economy still entrenched in the coal...
...BlackRock declined to comment on the West Virginia warning....
...Both BlackRock and State Street have faced questions from state governments in Texas and West Virginia, which plan to boycott financial services groups that “discriminate” against fossil fuels....
...Republican lawmakers and cryptocurrency groups are already lining up to use the ruling in West Virginia vs EPA to challenge the Securities and Exchange Commission’s ability to regulate cryptocurrencies and...
...The wooded path to Crystal Bridges is criss-crossed by mountain biking trails, funded by Sam’s grandchildren to draw more young professionals to north-west Arkansas....
...(Kenza Bryan) Smart reads West Virginia senator Joe Manchin has dropped his controversial effort to include provisions to speed up energy permitting approvals within a vital bill to extend US government...
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