West Virginia treasurer adds four finance firms to ESG blacklist

المملكة العربية السعودية أخبار أخبار

West Virginia treasurer adds four finance firms to ESG blacklist
المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

West Virginia treasurer adds four finance firms to ESG blacklist

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© Reuters. FILE PHOTO: The logo for Citibank is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File PhotoNEW YORK -West Virginia added four financial firms on Monday to a list of institutions that may be barred from some state business because the state's treasurer deems they are boycotting the fossil fuel industry.

West Virginia, a major energy-producing state, created the list in 2002, placing five firms on it at the time. A Northern Trust spokesperson said the asset and wealth manager"does not restrict or prohibit investment in fossil fuel-based energy companies." He said Northern Trust has around $52 billion in investment exposure to companies in the traditional energy sector as of February 2024.

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين



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