West Virginia
Executive and Legislative Actions
- West Virginia – HB 2862 West Virginia – HB 2862
- Passed May 2023
- Passed May 2023
- Senate Bill Text
- Legislation Became Law March 2022, Effective June 2022
Legal Actions
- 23 States Provided Comment to the U.S. Department of Labor in Response to the Proposed Rule “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” that would allow ERISA to make ESG considerations for investments.
- AG
- 23 States Provided Comments to OCC Regarding the Proposed Principles “Risk Management: Principles for Climate-Related Financial Risk Management for Large Banks”
- AG
- Treasurer
- 24 States Provided Comments to the MSRB in Response to the “Environmental, Social and Governance (ESG) Practices in the Municipal Securities Market.”
- AG
- Treasurer
- 23 States Provided Comments Submitted to U.S. Department of Labor Requesting Information on Possible Agency Actions to “Protect Life Savings and Pensions from Threats of Climate Related Financial Risk”
- AG
- Treasurer
- 19 AGs Sent a Letter to BlackRock Calling Out Their ESG Practices with State Pension Investments
- Letter Sent to Larry Fink, CEO of BlackRock
- AG
- 21 AGs Provided Comment to the SEC Proposed Rule “Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices”
- AG
- AG
- 17 Attorneys General Send Letter to Comptroller of the Currency (OCC) Hsu Regarding the Appointment of the Climate Risk Officer and the Misguided Focus on “Climate-Related Financial Risk”
- AG
- 18 States Send Letter to President Biden Opposing Nominee Saule Omarova to U.S. Comptroller of the Currency because of her Radical Views on Controlling the Private Banking Sector
- Treasurer
- 16 States Send Letter to U.S Banks Encouraging Unbiased, Nonpolitical Financing of Industries
- Treasurer
- Treasurer
- 21 States Send Letter to President Biden Proposing Nominee Sarah Bloom Raskin for Federal Reserve Bank Due to Her Radical Beliefs in Shaping the Financial Industry through a Political Lens
- Treasurer
- WV Treasurer Moore Divests $8 Billion State Operating Funds from BlackRock
- Treasurer
- WV Treasurer Moore Supported Legislation Allowing the State Treasurer to Publish a List of Institutions Engaged in Boycotts of Energy Companies
- 23 States Signed Letter to President Biden Declaring the Importance of America’s Energy Independence
- Treasurer
- 18 States Provided Comments to SEC Proposed Rule on “The Enhancement and Standardization of Climate-Related Disclosures for Investors”
- Treasurer
- 16 States Provided Comments submitted to FDIC Proposed Principals on the “Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions”
- Treasurer
- WV Treasurer Moore Publishes Restricted Financial Institution List, Deeming 5 Companies Ineligible for State Banking Contracts
- 17 States Send Letter to Morningstar raising concerns about ESG ratings negatively impacting companies with connections to Israel
- Treasurer
- Treasurer
- Nine State Financial Officers Send Letter to AT&T Board of Directors Requesting Documents to Investigate Any Violations to State or Federal Law Due to Discrimination Against Conservative Outlets
- Treasurer
- 21 Attorneys General Send Letter to 53 Financial Institutions Threatening to Take Legal Action if these Firms Do Not Keep Their Clients’ Interest Ahead of Politcial Agenda at Forefront of Investing
- AGs
- 25 State AGs slam SEC proposed rule on NACs as unlawful and bad policy
- 20 State Attorneys General Send Letter to Treasury Secretary Janet Yellen objecting to Biden/Harris Admin Stance on Debanking Practices
- 17 AGs file motion to stop BlackRock from using utility companies to push ESG agenda
- 19 Attorneys General Send Letter to JP Morgan Chase Bank CEO Warning Against Discrimination Towards Customers for Religious or Political Affiliation
- 18 state Attorneys General probe MSCI for BDS practices against Israel
- 23 AGs put companies on notice Net Zero alliances could mean Antitrust Violations
- 13 AGs send letter warning Fortune 100 companies after Affirmative Action ruling
- 22 AGs Demand Answers Over Climate Group Antitrust Violations
- 16 Attorneys General Send Letter to BlackRock Demanding Answers for its ESG activism and Violation of Fiduciary Duty
- 16 AGs Probe Wells Fargo for Debanking
- 24 State Attorneys General Send Letter to 25 Asset Managers Questioning Their ESG Support
- 22 Attorneys General Question Nasdaq’s Compliance with Anti-Discrimination Laws
- 11 State Attorneys General File Lawsuit Against BlackRock, StateStreet, and Vanguard for violating Antitrust Laws
- 25 AGs Blast Biden Admin’s Electric Vehicle Demands in Letter
Financial Actions
- 34 Financial Officers from 27 States Send Letter to President Biden calling him out on new Federal Housing Finance Agency Policy
- Treasurer
- State Financial Officers Demand Answers on Proxy Votes Supporting ESG Agenda (Letter to BlackRock)
- State Financial Officers Demand Answers on Proxy Votes Supporting ESG Agenda (Letter to ISS)
- State Financial Officers Demand Answers on Proxy Votes Supporting ESG Agenda (Glass Lewis)
- 18 State Financial Officers send letter to ISS demanding clarification on how ESG Impacts Proxy Votes and Debanking
- 18 State Financial Officers send letter to Glass Lewis demanding clarification on how ESG Impacts Proxy Votes and Debanking
- West Virginia State Treasurer Riley Moore sends notice to six financial institutions warning them they could be banned from doing business with West Virginia (Citibank, TD Bank, BMO Bank, Fifth Third Bank, Northern Trust and HSBC Holdings)
- West Virginia Treasurer Riley Moore added 4 financial institutions to the Restricted Financial Institution List for their boycott of the fossil fuel industry
- 26 state financial officers send letter to the Financial Accounting Standards Board (FASB) urging the organization to not politicize accounting principles to include climate disclosure reporting.
- 16 State Financial Officers Send Letter to ISS calling out the inclusion of ESG topics in their annual benchmark policy survey and Review
- 22 State Financial Officers demand answers from Yellen on debt ceiling plan
- 23 State Financial Officers from 22 States sent letter to SEC urging Chairman Gensler to re-open comment period on Natural Asset Companies (NACs) rule in the NYSE
- 30 state financial officers send letter to SEC urging the rejection of a rule allowing the privatization of public lands