West Virginia’s status as a coal-producing state has pitted it against the “E” in the environmental, social and governance (ESG) movement.
Yet, the “S” and “G” may cause problems too, according to West Virginia Treasurer Riley Moore.
Moore spoke with EpochTV’s Jan Jekielek on Sept. 12 at the National Conservatism Conference (NatCon) in greater Miami.
“For us, the ‘E’ is the most immediate near-term threat,” said Moore, who added that banks, asset managers, and ratings agencies have embraced ESG.
West Virginia is one of a number of energy-producing states to act against ESG.
In recent months, Moore sent letters to six financial institutions accused of boycotting fossil fuels. They denied the allegations….