Well done, West Virginia treasurer, on pressing banks over coal
Tom KirkmanIndependent Project Manager
Well done, West Virginia State Treasurer Riley Moore.
===================
“A coalition of 15 Republican state treasurers is threatening to pull assets from financial institutions that “refuse to lend to or invest in” the coal industry and other fossil fuels.
The state treasurers, led by Riley Moore of coal-dependent West Virginia, sent a letter to special climate envoy John Kerry on Tuesday that criticized his efforts to pressure big banks and lenders to cut off fossil fuels, stating their opposition to the Biden administration’s “command and control” policies.
“We intend to put banks and financial institutions on notice of our position, as we urge them not to give in to pressure from the Biden administration to refuse to lend to or invest in coal, oil and natural gas companies,” the state treasurers wrote.”