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...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....
...Valley gas pipeline to send shale gas from West Virginia to Virginia....
...Morrissey, a Republican, is campaigning to be West Virginia’s next governor. Others are also using the actions against President Joe Biden’s climate agenda to raise their local profile....
...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 name of its registered owner in the Marshall Islands: Social Club Inc....
...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....
...China’s trade ambition Friction with the west has prompted Beijing to build its own alternative system focused on developing nations, reports the FT in a Big Read....
...In a statement to the Financial Times, Nike said the savings from this round of cuts would be reinvested into its running, women and Jordan brand divisions....
...BlackRock, the world’s largest asset manager and a backer of ESG, was targeted by Republican state treasurers from Arkansas, Utah, Texas, Florida, Louisiana, Missouri, Arizona, North Carolina and West Virginia...
...The two companies have also signed a long-term partnership that will see Great-West Lifeco’s parent, the Power Corporation of Canada, allocate $25bn to Franklin’s alternative investment funds, which had...
...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...
...and Bridge Corporation, is not yet complete....
...(Patrick Temple-West) A criminal waste of potential Paul Cowley’s memoir Thief Prisoner Soldier Priest recounts a life that took him from crime and homelessness to prison, and then from the British army...
...Block, the tech company co-founded by Jack Dorsey, former chief executive of Twitter, is putting £2mn of funding into a Birmingham-based not-for-profit lender which provides business loans across the West...
...The company was still winning acclaim for its journalism, notably a dispatch from a 2017 neo-Nazi rally in Charlottesville, Virginia....
...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....
...(Patrick Temple-West) Record year for climate pressure on Japan Inc It has been a historic year for environmental activism at Japan Inc....
...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”....
...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....
...The strongest regional banks in our screen were City National Bank of West Virginia, listed as City Holding Company, and FirstBank, which is quoted as First BanCorp and operates in the Caribbean and Florida...
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