Virginia
West Virginia treasurer warns new banks of ESG-based blacklisting
West Virginia State Treasurer
The blacklist is authorized in a 2022 state law
The treasurer can disqualify a restricted financial institution from the competitive bidding process or from any other official selection process; refuse to enter into a banking contract with a restricted financial institution based on its restricted status; and require an agreement by the financial institution not to engage in boycott of energy companies for the duration of the contract.
West Virginia State Treasury
The Treasurer’s Office has made an initial determination that the six institutions appear to be engaged in boycotts of fossil fuel companies as defined under state law. The determination was based on a review of each institution’s environmental, social and governance policies and other available statements, Moore said
The financial institutions, which were not named by Moore, received notices of potential inclusion on the list last Friday.
However, the
The institutions now have 30 days to submit a response. Unless the firms show to the treasurer’s office they are not engaged in a boycott of fossil fuel companies they will officially be placed on the list in 45 days.
One of the firms listed by the Times, HSBC, told the Washington Times it rejected the assertion it is a fossil-fuel “boycotter.”
The restrictions don’t apply to municipal bond issuances by the state because the Treasurer’s Office does not handle bond issuances. They mainly apply to the banking and cash handling functions of the office, which see about $20 billion in inflows and outflows a year. It also does not apply to state pension funds.
Under the 2022 law, the treasurer may exclude banks on the list from eligibility for contracts for state banking services.
It follows a
The first West Virginia list was published in July 2022 when Moore determined
Moore says the blacklist protects the traditional extraction industries of West Virginia.
The natural resources industry represents about 3% of West Virginia jobs, according to the West Virginia University’s most recent
“While the environmental, social and governance or ESG movement might be politically popular in California or in New York, financial institutions need to understand their practices are hurting people across West Virginia,” Moore said at the time.
Last week, Moore praised JPMorgan Asset Management and State Street Global Advisors for their choice to
“This is a step in the right direction and significant victory in our states’ fight against the international corporate collusion targeting the coal, oil and natural gas industries,” Moore said.
In January, Moore applauded the New York Stock Exchange’s decision to curtail the decision making freedom of private sector investors by withdrawing its proposal filed to Securities and Exchange Commission that would have allowed the public listing of Natural Asset Companies, climate-focused corporations designed to convert natural assets into financial capital by taking over land owned by private entities and individuals and the federal, state and local government.
Under the NYSE proposal, NACs would have had “the authority to manage the areas for conservation, restoration or sustainable management” and are prohibited from engaging in fossil fuel-related developments.”
In December, Moore blasted President Joe Biden’s ESG policies after his special climate envoy John Kerry pledged at the 28th United Nations Climate Change Conference that the U.S. would begin a phase-out of all existing coal-based power plants and urged that coal use be eliminated worldwide. Moore urged Congress to use its authority to block the agreements made at the summit.
“West Virginia and our coalition of states have been fighting for years against these efforts to boycott and curtail capital to our critical energy industries and diminish important economic activity and revenue for our states. This is a sign our efforts are making an impact,” Moore said Monday.
Last month, South Carolina
The bill,
It directs that all investment decisions made by the South Carolina Retirement System Investment Commission be based solely on maximizing the highest rate of return and not on ESG factors.
Other Republican-run states have followed Texas’ lead and enacted laws that have led to underwriter bans. Last year, the Oklahoma Treasurer’s Office produced a
Leaders in GOP states have also battled what they like to call “woke culture” in other areas as well. Wokeness, according to court testimony by an official in anti-ESG leader Florida Gov. Ron DeSantis’ administration,
Last year, DeSantis
The Florida
Last week, DeSantis unveiled
“The district’s recent audit report justified our shared concerns: Disney was acting as a law unto itself,” DeSantis said. “Since our reforms, the new district has taken bold action to increase transparency, community engagement, and fiscal responsibility, and has saved taxpayers $18.4 million.”
The CFTOD has implemented safety inspections by the Florida Department of Transportation, he said, for the Disney monorail system, saying it had lacked FDOT oversight before.
RICHMOND, Va. — Friday will be windy and cold with highs in the 40s and wind chills in the 20s and 30s. A few scattered showers will be around, especially later in the day. Rain chances will be higher north of I-64, where some wet flakes could mix in. Wind gusts over 30 mph are possible.
For those traveling, the mountains of West Virginia will see significant snowfall over the next 48 hours, with one to two feet possible in the highest elevations. The Virginia panhandle will pick up a few inches of snow.
Saturday will be breezy with highs in the upper 50s to 60. Sunday will be mostly sunny with highs in the lower 60s.
Monday will be mostly sunny with highs in the low to mid-60s.
A cold front will move through Tuesday morning with the slight chance of a shower.
Wednesday will be cooler with increasing clouds. Highs will be in the lower 50s.
As of now, it looks like a storm system will bring some rain into the area Wednesday night into Thursday.
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WTVR
Virginia and SMU will meet for the first time ever on Saturday at Scott Stadium, finally clashing on the gridiron nearly three years after the two programs were supposed to face each other in the Fenway Bowl at the end of the 2021 season. There is plenty at stake in this one, as the13th-ranked Mustangs look to keep their unblemished ACC record intact and clinch a spot in the ACC Championship Game, while the Cavaliers are hoping to clinch bowl eligibility and send their seniors out with a win in their final game at Scott Stadium.
Read on for a full preview of Virginia vs. SMU with everything you need to know, including game details and notes, an opponent scouting report, what to watch for, and a score prediction.
Who: Virginia Cavaliers (5-5, 3-3 ACC) vs. SMU Mustangs (9-1, 6-0 ACC)
When: Saturday, November 23rd at 12pm ET
Where: Scott Stadium (61,500) in Charlottesville, VA
How to watch: ESPN2
How to listen: SiriusXM 381, SXM App 971 | Virginia Sports Radio Network
All-time series: first meeting
Read Virginia’s injury report for the SMU game here: UVA Football Week 13 Injury Report: Kam Robinson, James Jackson, Corey Thomas
See below for UVA’s week 13 depth chart for the SMU game: Virginia Football Depth Chart vs. SMU | Takeaways, Analysis
2023: 11-3, 8-0 AAC
2024: 9-1, 6-0 ACC
For Rhett Lashlee and the Mustangs, their first foray into the Atlantic Coast Conference couldn’t be going much better, save an 18-15 loss in week 3 to BYU, a team that is still alive for the Big 12 Championship. SMU comes to Charlottesville riding a seven-game winning streak, which includes a 66-42 victory over TCU, an impressive 34-27 win on the road at then-No. 22 Louisville, an overtime victory over Duke that was a bit fortunate as the Blue Devils squandered multiple chances to win the game late, but the Mustangs followed that up with their most impressive win of the season, a 48-25 victory over Pitt. Last week, SMU was tested by Boston College, but ultimately pulled away for a 38-28 win.
SMU has the second-ranked scoring offense in the ACC, averaging just under 40 points per game. Powering that offense is a very strong run game, the second-best rushing offense in the ACC (190.9 rushing yards per game and 24 rushing touchdowns), which is headlined by one of the top running backs in the country in Brashard Smith, who has racked up 1,026 rushing yards and 12 touchdowns and is averaging more than 100 yards per game.
Though SMU leans heavily on its ground game, the Mustangs are more than capable of throwing the ball as well. Quarterback Kevin Jennings ranks fourth in the ACC in completion percentage at 65.4% and is careful with the football, throwing 15 touchdowns to just six interceptions. He has a plethora of targets in the passing game, as SMU boasts three receivers with at least four touchdowns, four who have at least 20 catches, and five who have hauled in multiple touchdown passes this season.
SMU’s run defense is even better than its rushing offense, leading the ACC in run defense and allowing less than 100 yards per game on the ground. The Mustangs are a quite a bit weaker in pass defense, surrendering almost 250 passing yards per game, which is 13th in the ACC. SMU makes up for it by forcing turnovers, recording 14 interceptions (2nd-most in the ACC) and six fumble recoveries.
SMU has 23 sacks as a team this season, 9.5 of which have come from dynamic defensive ends Isaiah Smith and Jahfari Harvey, who will put a ton of pressure on UVA’s offensive tackles. Keep an eye on safeties Isaiah Nwokobia and Ahmaad Moses, who have each posted three interceptions this season.
UVA’s quarterback situation
With Anthony Colandrea’s quarterback play regressing recently (seven interceptions and one touchdown pass in his last three games) and Tony Muskett playing decently in his garbage time backup opportunities, Muskett and Colandrea have been splitting first-team reps in practice this week. Tony Elliott said on Tuesday that he was still leaning towards Colandrea retaining his starting job, but even if that’s the case, it’ll be interesting to see if Elliott has Colandrea on a short leash. Muskett has yet to enter a game that wasn’t already completely out of reach. Virginia is desperate to pick up that sixth win, so it should be all hands on deck.
Turnover margin and red zone efficiency
Virginia is -4 in the turnover margin department this season and ball security has been a particular issue recently. SMU, meanwhile, has forced 20 turnovers this season. The Mustangs are also ranked third in the ACC in both red zone offense and red zone defense, while the Cavaliers have struggled with red zone efficiency all season. An upset win for UVA will likely require the Hoos to win the turnover battle and execute at a high level in the red zone on both sides of the ball.
Defend home field
Virginia is 2-3 at home this season, with those wins coming against Richmond and Boston College. The Cavaliers must have some pride about protecting their home field and sending their seniors out on top in their last games at home. Much has been made about UVA’s home attendance this season. In their final opportunity to see Virginia football play at home this season, we’re looking for the UVA faithful to show out at Scott Stadium and provide the Hoos with a real home field advantage.
Virginia is capable of hanging around with and even beating SMU if the Cavaliers bring their A game. But UVA hasn’t been able to bring that A game consistently this season or even throughout all four quarters of a game and that’s what it’ll likely take in order to slow down SMU. I see the Pony Express continuing to roll as the Mustangs pick up their eighth straight win, remain unbeaten in conference play, and secure their spot in the ACC Championship Game.
Score prediction: SMU 31, Virginia 23
UVA Football: Players to Watch in Virginia vs. SMU
Stat Comparison: How Virginia Football Stacks Up Against SMU on Paper
Tony Elliott Updates the Virginia Football Quarterback Situation
UVA Football Week 13 Injury Report: Kam Robinson, James Jackson, Corey Thomas
Virginia Football Depth Chart vs. SMU | Takeaways, Analysis
Virginia
Former Virginia student Christopher Darnell Jones Jr pleads guilty in deadly shooting of three football stars
Christopher Darnell Jones Jr., a former University of Virginia student, pleaded guilty to first-degree murder this week in the shooting deaths of three UVA football players..
Jones’ plea comes after the 2022 on-campus slayings of Lavel Davis Jr., D’Sean Perry and Devin Chandler. All three young men played for the UVA Cavaliers football team. A fourth team member, Mike Hollins, and another student, Marlee Morgan, suffered injuries.
Jones’ stint on the football team overlapped with the players he shot, per information in the draft copy of the prosecutors’ summary, but there is no indication Jones and the players had a relationship.
Jones faced three counts of first-degree murder, two counts of aggravated malicious wounding and five counts of use of a firearm in the commission of a felony. A sentencing hearing has been set for Feb. 4 and is expected to last for four days.
CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM
Christopher Darnell Jones Jr., a former University of Virginia student, entered a guilty plea this week in relation to the shooting deaths of three university football team members. (AP Newsroom/IMAGN)
While riding back to campus from a school trip on a charter bus in the hours before the shooting, Jones texted an adult mentor, stating, “tonight I’m either going to hell or jail. I’m sorry,” according to a summary that prosecutors read in court on Wednesday. The Associated Press obtained a draft copy of the summary.
UVA TO PAY $9 MILLION TO FAMILIES OF VICTIMS IN 2022 SHOOTING THAT KILLED 3 FOOTBALL PLAYERS, WOUNDED 2 OTHERS
Jones had been scheduled to stand trial in January on charges including aggravated murder, which carries a mandatory sentence of life without parole in Virginia. The first-degree murder charges he pleaded guilty to in a plea agreement with prosecutors carry a sentence of 20 years to life.
Authorities said Jones opened fire aboard a charter bus as he and other students arrived back on campus after seeing a play and having dinner together in Washington, D.C.
University of Virginia football players Devin Chandler, Lavel Davis Jr. and DSean Perry. (University of Virginia athletics)
The shooting erupted near a parking garage and prompted a 12-hour lockdown of the Charlottesville campus until the suspect was captured. Many at the school of some 23,000 students huddled inside closets and darkened dorm rooms, while others barricaded the doors of the university’s stately academic buildings.
During the rampage, Jones “methodically checked each seat until he reached the back of the bus” to shoot some of his victims, the summary said.
Authorities have yet to release details on the motive in the shooting by Jones.
University of Virginia students participate in a vigil in response to shootings on the Charlottesville campus, Nov. 14, 2022. (Mike Kropf/The Daily Progress via AP)
The university’s president, Jim Ryan, said Jones’ guilty plea represents “another step in a lengthy and painful journey for the families of the victims and for our community.”
“We continue to grieve the loss of three beloved members of our community and the injuries suffered by others on the bus,” Ryan’s statement added.
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Within days of the shooting, university leaders asked for an outside review to investigate the school’s safety policies and procedures, its response to the violence and its prior efforts to assess the potential threat of the student charged. School officials acknowledged Jones previously was on the radar of the university’s threat-assessment team.
In June, Kimberly Wald, a lawyer representing some of the victims and their families, announced that the university agreed to pay $9 million in a settlement. Wald said the university should have removed Jones from campus before the attack because he displayed multiple red flags through erratic and unstable behavior.
The Associated Press contributed to this report.
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