Virginia
West Virginia cracks down on major banks over environmental activism
The State of West Virginia banned four major financial institutions from entering into tens of billions of dollars worth of state contracts over their environmental policies.
West Virginia State Treasurer Riley Moore added Citigroup, TD Bank, HSBC and The Northern Trust Company – banks which collectively oversee assets worth trillions of dollars – to his state’s Restricted Financial Institution List after he determined they are actively engaged in a boycott of the fossil fuel industry.
The action was taken in accordance with a 2022 law the state’s legislature passed to fight back against the sustainable investing movement.
“We are absolutely going to stand by our industries here in fossil fuels,” Moore told FOX Business. “Last year, the world burned more coal than any time in human history. The consumption of coal is not going down. That is a myth that is proliferated by the climate-activist left. So, why would we put ourselves in a position to not be part of that?”
West Virginia State Treasurer’s Office
Overall, the Investment and Banking Services Division of the West Virginia State Treasurer’s Office managed $22 billion in banking transactions last year.
The four institutions Moore listed on Monday, in addition to the existing banks listed, will be barred from the opportunity to bid on those transactions in the future.
According to Moore’s office, the banks were added to the Restricted Financial Institution List following an extensive review of their environmental, social and governance (ESG) policies.
The ESG movement, which has picked up steam in recent years, broadly calls for investments to be pulled from traditional energy industries and diverted to green energy industries in the fight against global warming.
In accordance with state law, Moore issued notices in late February to Citigroup, TD Bank, HSBC and The Northern Trust Company, warning that they would be listed unless they altered their ESG strategy or demonstrated they are not boycotting the fossil fuel industry.
Two other banks, BMO Bank and Fifth Third Bank, were also warned at the time, but they have since shown their investment strategy doesn’t boycott traditional energy companies.
“I applaud both of these institutions for working with us in a cooperative way to ensure the free market remains free and our state’s critical industries are treated fairly,” said Moore.
Moore’s announcement Monday represents a new front in West Virginia’s war on the ESG movement.
While his office previously reviewed and listed banks currently engaged in business with the state, he recently expanded the scope of his ongoing review of the banking sector to include institutions not currently authorized to do business with the state.
The four banks listed join BlackRock, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley and Wells Fargo & Co., which remain on the Restricted Financial Institution List.
Moore published his first list in July 2022 after West Virginia enacted the Restricted Financial Institution List law, which he had proposed.
That law empowers the West Virginia Office of the State Treasurer to list financial institutions that have publicly stated they will refuse, terminate or limit doing business with coal, oil or natural gas companies “without a reasonable business purpose.”
The banks Moore has already listed, though, have pushed back, arguing they do not boycott the fossil fuel industry.
For example, BlackRock noted in its 2022 response to Moore that it is among the largest investors in energy companies, with about $286 billion in assets invested in those companies globally.
“Northern Trust does not restrict or prohibit investment in fossil fuel-based energy companies,” a Northern Trust spokesperson said in a statement, noting its $52 billion investment exposure to the traditional energy sector and services offered for managing oil, gas and other fossil fuels for clients.
“We seek to work with – not boycott – energy companies,” an HSBC spokesperson added. “Our policies anticipate that we will continue to provide corporate lending and capital markets transaction support to energy-based customers to both maintain supplies as well as support an orderly and just transition that helps with the creation of new jobs. We are supportive of energy companies throughout the U.S., whom we are pleased to have as clients.”
Citigroup and TD Bank did not immediately respond to requests for comment.
“SFOF has highlighted again and again how ESG investments are a losing proposition,” said Derek Kreifels, the CEO of the State Financial Officers Foundation, a group that has rallied states to push back against the ESG movement.
“By adding another four banks to its restricted financial institution list, West Virginia Treasurer Riley Moore is continuing to lead the charge in the fight against ESG,” Kreifels continued. “I applaud Treasurer Moore for standing up against ESG activism. He has our full support.”
Virginia
Flu cases climb across Virginia, state reaches highest totals in years
HARRISONBURG, Va. (WHSV) – Flu cases are climbing across Virginia, reaching some of the highest levels the commonwealth has seen in years.
According to the Virginia Department of Health, over 21% of all emergency department visits in the northwest region this flu season were for respiratory illnesses. Rachel Dumene, spokesperson for the Central Shenandoah Health District, said while viruses can mutate and cause symptoms that are more severe, she said the challenge this year is how fast the flu is spreading.
“Sometimes they can mutate to create new symptoms or become more severe. However, that’s not what we’re seeing this year,” Dumene said. “This is a pretty average flu. However, the thing that’s different about it is that it’s spreading at a more rapid pace.“
That faster spread is leading to more infections overall, and more people experiencing serious symptoms. Children make up the largest share of flu-related emergency room visits in the region, which is why Dumene said vaccination remains one of the best tools to keep people out of the hospital.
“Even though this flu virus seems to be spreading at a higher rate than previous years, the flu vaccine still helps prevent against severe illness,” she said. “It is possible that people who get vaccinated can still get the flu. However, this can keep them from experiencing very negative consequences or having to go to the emergency room.”
It’s still not too late to get vaccinated, Dumene said. Protection develops about two weeks after the shot, and peak flu season often doesn’t arrive until February. She also recommended washing hands frequently, covering coughs and sneezes and staying home when sick to slow the spread.
What hospitals are seeing
Augusta Health Public Relations Manager Kristen Printy said regional hospitals and emergency medical services are working together to manage a seasonal increase in patients to make sure people across the region receive the care they need.
“This season has brought an increase in patients, and it’s important that hospitals and EMS agencies continue to work closely together,” said Crystal Farmer, MBA, MSN, RN, FACHE, Senior Vice President and Chief Operating Officer of Augusta Health. “By coordinating our efforts, we can help ensure patients get the right care, in the right place, at the right time, even when demand is higher.”
Robert Garwood, VP, Chief Medical Officer Sentara RMH Medical Center said increased ER volume secondary of the flu has translated into increased hospital admissions of these patients.
“The current flu vaccine does not cover the strain that’s circulating throughout our area really well, which has resulted in patients with some significant illness. This is again translated to increase hospital patient censuses and less bed availability, which also impacts our ED,” Garwood said.
Augusta Health added that people should always seek emergency care for serious or life-threatening conditions. For less urgent needs, people are encouraged to consider primary care, urgent care, or telehealth options when appropriate.
Copyright 2026 WHSV. All rights reserved.
Virginia
The Good, Bad and Ugly From Virginia’s Dominant Win Over California
The Virginia Cavaliers clinched yet another conference win last night, this time against California. Overall, this has been a remarkable season for the Cavaliers thus far, with few hiccups along the way. Their latest victory came with a stunning 84-60 finish, but as the story goes, there are still areas that need attention. With that, let’s take a look at the good, the bad and the ugly of last night’s meeting.
The Good
The Cavaliers are undoubtedly more consistent on offense — they’ve encountered quite a few challenges defensively. However, last night appeared to be a bit of a turning point, said cautiously. The Golden Bears’ efforts with the ball were met with great resistance from UVA. Malik Thomas, in particular, has made strides on both sides of the ball, but his defensive improvements have been noteworthy. As head coach Ryan Odom stated during his postgame press conference:
“… I thought our guys did a nice job. The discipline was there for the majority of the night. They did get us on occasion, not on occasion, probably too many times at the end of drives with shot fakes, but for the most part, in that first 10 minutes of the second half, we were able to stop them in and around the rim and stay down. And they were kind of left with some really hard shots there, which allowed us to get out in transition. I thought our press was pretty good. Even though we didn’t get a lot of turnovers or anything like that, I thought our press, you know, was effective.”
The Bad
Although Virginia wrapped up the matchup with a 24-point lead, there were moments throughout the night in which leads were swapped between programs in the first quarter. Once the second half rolled around, the Golden Bears were unable to catch up. However, the brief moments that they did control the scoreboard could have cost UVA the game, and ultimately, another loss in the ACC.
“I’m not worried about the margin,” said Odom. “It’s more about how we’re playing. And I thought our guys played well tonight, you know, defensively, we’re trying to make strides. We’re trying to get better. The guys are focused on that. Offensively, we can’t lose that, you know, ability to really share the ball and put pressure on our opponents. And I think we’re improving.”
The Ugly
Much of the back-and-forth lead during the first quarter was due to Cal’s pressure. Their defense stayed on top of UVA, which ruffled some of the Cavaliers’ feathers on the court, forcing some turnovers along the way.
Odom described this situation by stating, “Cal was really bothering us with their defense, their aggressiveness, and stepping out and pick and roll, even though we didn’t have a ton of turnovers in that first half. We had five. There were still some bobbled balls. The ball was loose and a little bit too loose for us. And their pressure had a lot to do with that. The end of the half was really important for us, the execution on defense and offense to give us a little bit of a cushion there going into halftime.”
Virginia certainly encountered some difficulty last night, but it wasn’t anything they couldn’t successfully navigate. Now, the Cavaliers are gearing up for their upcoming matchup against Stanford on Jan. 10 at John Paul Jones Arena. Will UVA capitalize on its opportunity to extend its ACC record to 3-1?
More Virginia Basketball News:
Virginia
Stanford gets win over Virginia Tech, freshman Ebuka Okorie calls game
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Caleb Wilson, Nate Ament, and Kingston Flemings are emerging as names to watch this season.
Freshman guard Ebuka Okorie lifted Stanford over Virginia Tech with a game-winning, step-back 3-pointer with 2.8 seconds left to give the Cardinal a 69-68 win at Cassell Coliseum in Blacksburg, Virginia, on Jan. 7.
Okorie sized up his defender, Virginia Tech freshman Neoklis Avdalas of Greece, before getting into his sweet spot and rising up.
Okorie scored 31 points, going 11-for-18 from the floor with four 3-pointers, including the go-ahead bucket. His four made from long-distance tied a collegiate career-high. He added six assists and had only one turnover.
Virginia Tech led 31-24 at the end of the first half. However, Stanford came out of the second half and switched gears. The Hokies were outscored in the second half 45-37.
Virginia Tech was led by Avdalas with 21 points. Hokies sophomore guard Ben Hammond scored 14 points off the bench.
Chisom Okpara had an off night for Stanford, scoring just four points on 1-of-11 shooting, but still the Cardinal would get some help in the scoring department from Donavin Young and Oskar Giltay, who chipped in with 11 and eight points, respectively.
Stanford continues its road trip with a visit to No. 23 Virginia on Saturday, Jan. 10. Virginia Tech has a home game Saturday against California.
Stanford vs. Virginia Tech: Ebuka Okorie hits game-winning shot
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