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Keyword: fossilfuelboycotts

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  • West Virginia bars five financial firms for deemed fossil fuel 'boycotts'

    07/28/2022 7:44:13 PM PDT · by bitt · 14 replies
    REUTERS ^ | 7/28/2022 | Pete Schroeder
    WASHINGTON, July 28 (Reuters) - West Virginia has barred five major financial institutions, including Blackrock Inc and JPMorgan Chase & Co (JPM.N) , from new state business after determining that they were boycotting the fossil fuel industry. Goldman Sachs (GS.N) , Morgan Stanley and Wells Fargo & Co are also barred on similar grounds, according to State Treasurer Riley Moore. Spokespeople for Wells Fargo and Morgan Stanley said the banks disagreed with the decision, and a spokesperson for JPMorgan called it "disconnected from the facts." A BlackRock spokesperson said it also disagreed with the decision. "BlackRock does not boycott energy...