Earlier this week West Virginia State Treasurer Riley Moore announced the WV Board of Treasury Investments, which manages the state’s roughly $8 billion operating funds, will no longer use BlackRock Inc. investment funds as part of its banking transactions (see Hooray! WV Fights Back, State Drops Investments with BlackRock Fund). WV is divesting from the divestors. But it’s not stopping there with just the Board of Treasury Investments. A new WV Senate bill is now circulating (gaining rapid support) that requires the entire state, all of the various state agencies and governmental departments, to follow suit and stop doing business with any bank or investment firm that refuses to support coal, oil, and natural gas companies.
Earlier this week West Virginia State Treasurer Riley Moore announced the WV Board of Treasury Investments, which manages the state’s roughly $8 billion operating funds, will no longer use BlackRock Inc. investment funds as part of its banking transactions (see 