West Virginia Blocks BlackRock, Goldman Sachs, Several Others from State Contracts over ESG Push

Officials in West Virginia have banned several globalist financial institutions from consideration for state contacts over their involvement in “environmental, social, and governance” (ESG) initiatives.

West Virginia will ban four additional financial institutions from state-funded contracts over their involvement in the woke initiatives, the Washington Examiner reported.

The move was announced by the state’s treasurer, Riley Moore.

The Mountain State is adding to its list of banned financial institutions with Citibank, HSBC Holdings, Northern Trust, and TD Bank.

Previously, heavy hitters such as Wells Fargo, Morgan Stanley, J.P. Morgan Chase, Goldman Sachs, and BlackRock were blocked.

State officials are fighting back against several initiatives, including energy policies that target fossil fuels like coal.

West Virginia is the second-largest producer of coal in the nation.

The state’s GOP Gov. Jim Justice has even made a living from removing coal from the ground.

Besides the attack on fossil fuels, these same institutions also embrace the combined ESG agenda.

These woke initiatives are a thinly veiled attempt at social engineering through corporations.

However, West Virginia is pushing back.

So far, the original companies that were banned have lost out on $18 billion in revenue.

“That’s certainly, I think, a tremendous loss for them,” Moore told the Examiner.

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“We really kicked off this coalition effort around this, so they are going to be other states looking at what we have done.

“And I would not be surprised in the future if you did see some of these institutions end up on other lists,” the treasurer added.

Moore touted “quite a bit of a success story” after he persuaded Fifth Third Bank and BMO to nix the woke agenda.

Those firms were on a 45-day probation period pending proof that they would not meddle in the fossil fuels industry through boycotts, and they conceded.

“At the end of the day, this is how we win,” Moore said.

“Trying to get banks to act like banks, keeping the free market free.”

While leftists seek to incentivize companies to move towards social engineering, Republicans have increasingly embraced a tough approach to combating ESG.

West Virginia isn’t the only state to formalize such a strategy.

The Texas State Board of Education pulled $8.5 billion in investments from BlackRock over its commitment to ESG.

Mississippi Secretary of State Michael Watson is similarly pressuring BlackRock with a cease-and-desist order, as Slay News reported.

Last month, Watson accused a money manager at the firm of making “fraudulent statements, omissions, and other misrepresentations” about its involvement in ESG, Fox Business News reported.

“Investment companies will not push their political agenda on Mississippians, especially through fraudulent and deceptive means,” Watson said in a statement.

“All citizens should have the opportunity to make informed and educated decisions when investing their hard-earned money,” he added.

“If not, our office will hold these bad actors accountable.”

Like all leftist initiatives, ESG sounds like a positive move.

After all, who doesn’t want companies to proactively seek to make the world a cleaner, fairer place?

In practice, however, it’s just another sinister plot to manipulate minds and funnel all of society into living in accordance with one narrow globalist worldview.

Therefore, it’s a necessary and good move for states to do all they can to push back against it.

READ MORE – BlackRock Chief Warns WEF Elites: Trump’s Re-Election Poses ‘Fundamental’ Threat to Europe

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By Nick R. Hamilton

Nick has a broad background in journalism, business, and technology. He covers news on cryptocurrency, traditional assets, and economic markets.

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