West Virginia Bars Citi, HSBC From Bank Contracts Over Oil (2)

West Virginia’s treasurer announced that he is restricting four financial services firms from providing state banking services because he says they “boycott” the fossil fuels industry.

Citigroup Inc., TD Bank, Northern Trust Corp., and HSBC Holdings have been added to a list of companies that State Treasurer Riley Moore’s office determined engage in such a boycott based on a review of each institution’s environmental, social and governance policies and public statements. The financial firms will now be ineligible to provide banking services to the state, Moore’s office said in a press release on Monday.

“We cannot allow ...