West Virginia bars TD, HSBC, Citi, Northern Trust from banking contracts over ESG policies Financial Post

Image for article West Virginia bars TD, HSBC, Citi, Northern Trust from banking contracts over ESG policies Financial Post
News Source : Financial Post

News Summary

  • Citigroup Inc
  • , Toronto-Dominion Bank, Northern Trust Corp
  • , and HSBC Holdings PLC have been added to a list of companies that State Treasurer Riley Moore’s office determined engage in such a boycott
  • A report by groups including the Rainforest Action Network found that Citigroup was one of the largest financiers of fossil fuels globally between 2016 and 2022
West Virginias treasurer announced that he is restricting four financial services firms from providing state banking services because he says they boycott the fossil fuels industry.Citigroup Inc., [+2222 chars]

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