West Virginia Won’t Do Business With Wall Street Banks That Boycott Fossil Fuels – IOTW Report

West Virginia Won’t Do Business With Wall Street Banks That Boycott Fossil Fuels


West Virginia is refusing to do business with Wall Street firms that boycott the fossil fuel industry, the first state in the nation to do so.

West Virginia treasurer Riley Moore (R.) on Thursday determined that BlackRock, the world’s largest asset manager, as well as Wells Fargo, JP Morgan Chase, Morgan Stanley, and Goldman Sachs, are ineligible for state banking contracts due to their boycotts of fossil fuels. The ban will cost the Wall Street firms $18 billion per year, according to Moore’s office.

“At the end of the day, all we want is for banks to act like banks,” Moore told the Washington Free Beacon, adding it would be hard for the state to continue functioning without the coal industry.

Democrats are moving to eliminate fossil fuels as part of their governing platform. President Joe Biden has taken several actions to curb fossil fuel production, including bans on oil and natural gas leases on federal land. The president also revoked the permit for the Keystone XL pipeline, which would have transported hundreds of thousands of barrels of oil from Canada to the United States. Democratic senators like Raphael Warnock (Ga.) have also pushed for the country to move away from oil and gas through a carbon tax.

The coal mining industry accounts for more than 11,000 jobs in West Virginia, and the state reaps hundreds of millions of dollars in severance taxes from coal extraction annually. The average coal miner engineer makes nearly $90,000 a year. more here

10 Comments on West Virginia Won’t Do Business With Wall Street Banks That Boycott Fossil Fuels

  1. Wall Street Banks That Boycott Fossil Fuels should have their gas and electricity cut off! Let their servers operate on solar and wind!

    If yer gonna talk-the-talk, walk-the-walk!!

  2. “Wall Street Banks That Boycott Fossil Fuels”

    Wall Street – thy name is Hypocrite!
    First off, there’s no such a thing as a “fossil” fuel. That is a lie perpetrated by the anti-civilization zealots who strive to destroy all humanity.
    There never existed forests stretching from England to the Appalachians (and beyond – even to Kansas) hundreds of miles deep that were compressed into coal fields. Total Bullshit.
    There were never any vast oceans of dead dinosaurs, thousands of mile wide and hundreds of miles deep, which rotted into oil fields. Total Bullshit.

    Hydro-Carbons are a cheap and natural way to store energy – and mankind depends upon them – and THAT is why they are so hated. Destroy our sources of energy and you concomitantly destroy vast swathes of mankind – and THAT is the intention of the “Green” maggots.

    Ultimately, we must kill them before they kill us – because they will not stop – they are anti-Human demonic manipulators and liars.

    mortem tyrannis
    izlamo delenda est …

  3. 500 years from now archeologists will make a major revelation when they unearth the skeletons of Liberals and find out:
    Hey! These are the morons that cut off their own power!
    It’s no flippin wonder they couldn’t figure out their own sexual identity either!!

  4. Manchin just signed on to spending 100s of billions of dollars of Fairy Dust Money to(get this) increase subsides to wind mill manufacturers to increase energy production that will lower inflation.

    I’ve been to and traveled throughout w Virginia, it ain’t w Texas with vast flat tracks of open ground. It does however have a shit load of coal.

    This is representation? Those wind mills won’t be manufactured in w Virginia. They’ll be worse than useless in w Virginia. It’s a GD boondoggle from the get-go. How do fuckers like this POS keep getting elected?

    Dominion, pick up the white courtesy phone.


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