-- BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia.Why India’s South Rejects Modi — And Why It Matters
Banks and investment firms have been less vocal about their climate efforts after Republicans have spent more than two years attacking the environmental, social and governance strategy that the finance industry embraced. UBS Group AG Chief Executive Officer Sergio Ermotti last month said policymakers shouldn’t rely on banks as a de facto “climate police.
On Monday, West Virginia’s Moore said that BMO worked with his office and “removed an offending policy” on its website. That helped BMO avoid being placed on West Virginia’s list that now comprises nine different financial services firms. BMO spokesperson Scott Doll said in an emailed statement that the bank’s policies “represent a comprehensive, risk-based approach that underscores our commitment to sound and prudent business practices while complying with the laws and regulations of the markets we serve.”How Bluey Became a $2 Billion Smash Hit—With an Uncertain FutureTrump Media stock plummets, erasing all gains since debut
Jamie Dimon, who said the $34 trillion national debt was pushing U.S. off a ‘cliff,’ insists it’s ’vital’ to boost military spendingWest Virginia treasurer adds four finance firms to ESG blacklist
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