West Virginia Treasurer Riley Moore is Cracking Down on Woke Banks

The woke big banks will not be impoverishing West Virginians and cancelling their fossil-fuel industries any time soon. West Virginia's legislature just passed Senate Bill 262 and it is now on the governor's desk for signature. The bill is meant to remove the Big Banks' claws from the necks of the state's oil, coal, and natural gas industries by forbidding state contracts to be awarded to any bank that has refused loans to the state's energy industries in the name of climate change, pollution or any other form of climate hoax.

West Virginia's legislature also will publish an annual list of those banks that have been banned from contracts with the state because they were seeking to help destroy the state's energy industry. WV State Treasurer Riley Moore -- the author of Bill 262 -- described the bill as a defeat for the "banks, primarily out-of-state banks, intent on using woke capitalism for anti-free market activities", and noted that Arkansas was near to passing a similar bill.

Mr. Moore leads a coalition of 18 State Treasurers --  the state treasurers of Alaska and Pennsylvania recently joined the coalition -- that is seeking similar restrictions on woke banks, and he said that "12 of them have bills similar to West Virginia's working through their legislatures."

Mr. Moore also reported that his state has dropped Blackrock out of the state's investment planning as another effective means of "fighting the merging of political and corporate power into a corporate capitalism intended to replace the free market." 

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