West Virginia won’t work with major banks that pledged to fight climate change

Photo caption: A mound of coal in London, West Virginia, in July 2018. Photo credit: Luke Sharrett / Bloomberg via Getty Images. Article by Jacob Knutson. Axios – July 28, 2022.

West Virginia said Thursday that it would no longer do business with five financial institutions over their pledges to fight climate change by reducing financing for fossil fuel projects.

Why it matters: It’s the first time a state has severed financial ties with major financial institutions over their policies to reduce the emissions of planet-warming greenhouse gases, the New York Times reports. […]

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