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West Virginia treasurer warns new banks of ESG-based blacklisting

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West Virginia treasurer warns new banks of ESG-based blacklisting


West Virginia State Treasurer Riley Moore warned six more financial institutions that they may be placed on the state’s “Restricted Financial Institution List” if they are found to be “boycotting” the fossil fuels industry.

The blacklist is authorized in a 2022 state law authorizing the State Treasury to restrict 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 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.

“We must remain vigilant to ensure we do not entrust state funds to banks that are engaged in coordinated political efforts to destroy our state’s critical industries,” says West Virginia State Treasurer Riley Moore.

West Virginia State Treasury

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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 in a statement.

The financial institutions, which were not named by Moore, received notices of potential inclusion on the list last Friday.

However, the Washington Times reported that according to notices it obtained through a public records request, the institutions include Citibank, TD Bank, BMO Bank, Fifth Third Bank, Northern Trust and HSBC Holdings.

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.

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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 many GOP-run states have copied in a coordinated effort to put state limits on private corporations’ freedom to make investment decisions.

The first West Virginia list was published in July 2022 when Moore determined five financial institutions were engaged in boycotts as defined by state law. The five firms were BlackRock Inc., Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Morgan Stanley and Wells Fargo & Co. No updates have been made since then.

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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 , in a state where overall employment lags 2005 numbers, and the population between 2010 and 2020.

“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 withdraw from Climate Action 100+, an investor-led initiative that aims to make large corporate greenhouse gas emitters take action on climate change.

“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.

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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 Gov. Henry McMaster signed the ESG Pension Protection Act — which requires the state pension fund’s decisions be based on maximizing returns — in a ceremony at the governor’s office.

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The bill, H.3690, went into effect on Feb. 9.

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.

Anti-ESG bills have made a comeback in Arizona and Oklahoma while Texas continued to cull underwriters from its municipal bond syndicate groups.

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 list of fossil fuel boycotters.

In Missouri, a trial over the state’s first-of-their-kind ESG investment rules will go ahead after a federal judge rejected the state’s motion to dismiss.

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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, is defined as “the belief there are systemic injustices in American society and the need to address them,” and has become a GOP shorthand attack on liberals and liberal policies.

Last year, DeSantis signed a bill that restructured and renamed the Reedy Creek Improvement District the Central Florida Tourism Oversight District, which ended the governance of the special district by Walt Disney Co.

The Florida Legislature approved a bill in 2022 to dissolve all independent special districts created before 1968. The bill’s authors and DeSantis made it clear it was intended to punish Disney, which had voiced strong political opposition on behalf of its employees to the state’s Parental Rights in Education Act, which critics called the “Don’t Say Gay” bill. The law bans public school instruction about sexual orientation or gender identity for children through the third grade.

Last week, DeSantis unveiled a report about the former Reedy Creek district, commissioned in the newly restructured district.

“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.”

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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.



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Virginia Sports Hall of Fame announces Class of 2026

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Virginia Sports Hall of Fame announces Class of 2026


HENRICO, Va. (WWBT) – The Virginia Sports Hall of Fame announced its Class of 2026 on Wednesday.

This year’s group of athletes, coaches, administrators, and contributors whose influence spans generations, levels of competitions across the state. This includes one man from Richmond, who has also been named the 2026 Distinguished Virginian.

The Class of 2026 inductees are as follows:

  • Bobby Ukrop (Richmond): Robert S. “Bobby” Ukrop has been named the “2026 Distinguished Virginian” presented to an individual with a sports background who is a distinguished citizen of the Commonwealth based on outstanding life accomplishment”. A former basketball player at the University of Richmond, Ukrop has been a transformative community leader, leading initiatives throughout Central Virginia including the founding of Richmond Sports Backers, construction of the Diamond baseball stadium, efforts to “Drown-proof Virginia” learn to swim initiative.
  • Grant Hill (Reston): ACC Player of the Year; two-time consensus All American; two-time NCAA Champion; one of the ACC’s 50 Greatest Players; 19-year NBA career – 17,137 points -7-time NBA All-Star- 3-time NBA Sportsmanship Award; Olympic Gold Medalist; member of the College and Naismith Memorial Basketball Halls of Fame. National broadcaster for both NCAA and NBA games. Co-owner of the Atlanta Hawks (NBA) Orlando City SC (MLS), Orlando Pride (NWSL) and the Baltimore Orioles (MLB).
  • Marcellus “Boo” Williams (Hampton): Widely regarded as one of the most successful and influential youth basketball coaches in the nation, Williams has helped shape the careers of countless young men’s and women’s players. Walt Disney Wide World of Sports named Williams its 2001 Volunteer of the Year; The Naismith Memorial Basketball Hall of Fame presented him with its 2013 Human Spirit Award. Williams currently operates his youth basketball programs from the 135,000 sq. ft. Boo Williams Sportsplex in Hampton.
  • Michael Vick (Newport News): The former Virginia Tech standout and NFL quarterback, Vick became one of the most dynamic players of his generation. At Virginia Tech, Vick led the Hokies to the 1999 National Championship game and was a 1st team All-American and a member of the College Football Hall of Fame. The #1 overall pick in the 2001 NFL draft, Vick played in the NFL for 13 seasons, earning 4 Pro Bowl selections and the 2010 NFL Comeback Player of the Year. After his retirement, Vick was a commentator for Fox NFL Sunday. He is currently the head coach of the Norfolk State University Spartans.
  • Wally Walker (Charlottesville): Often credited with starting the prominence of UVA basketball, Walker led the Cavaliers to their first NCAA tournament berth in 1976 when he was the MVP of the ACC Tournament. Walker was the #5 overall pick of the 1976 NBA draft and played for 8 NBA seasons winning two NBA Championships. Following his playing career, Walker moved to the front office, to become the President of Seattle SuperSonics.
  • Kristi Toliver (Harrisonburg): One of the most accomplished basketball players in Virginia history. Toliver was the 2009 ACC Player of the Year, a 2-time All-American, NCAA National Champion, 1st round WNBA selection, 2-time WNBA Champion and a 3-time WNBA AllStar. Toliver is currently the associate head coach of the Phoenix Mercury in the WNBA.
  • Terry Driscoll (Williamsburg): A visionary leader in collegiate athletics, Driscoll served with distinction as the Director of Athletics at William & Mary for 22 years, during which the Tribe won 114 Conference Championships, had 118 teams with 100% graduation rates and oversaw a dramatic increase in funding for new facilities and the College’s endowment. A true “Scholar-Athlete” himself, Driscoll was an Athletic and Academic All-American, the #4 overall pick in the 1969 NBA draft, and a championship professional coach in Europe.
  • Roland Lazenby (Wytheville): A former reporter with the Roanoke Times, Lazenby is best known for his award-winning author of over 60 sports books that has vaulted him to the top of his profession. Widely regarded as an “expert or authority” on NBA basketball, several of his most prominent books are “go to” references on Michael Jordan and Kobe Bryant.
  • Tony Bennett: Former University of Virginia basketball coach, two-time Naismith Coach of the Year, and national championship coach as long stood among college basketball’s most respected leaders. Over an 18-season head coaching career, including stops at Washington State and the University of Virginia, he compiled a remarkable 433-and-169 overall record. He took over Virginia in 2009 and transformed the Cavaliers into a powerhouse, amassing a 364- 136 record while becoming the programs all-time wins leader. His crowning achievement came in 2019, when his team captured the NCAA national championship- a milestone that delivered Virginia its first ever national title in men’s basketball. Under Bennett’s stewardship, Virginia won six regular season conference titles, two conference championships, and made 10 NCAA Tournament appearances.

The 53rd induction events are set for Saturday, April 25, 2026, at the Hilton Richmond Hotel and Spa/Short Pump.

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Feds want graduate nursing programs to reduce costs. This Virginia nurse worries changes will increase debt.

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Feds want graduate nursing programs to reduce costs. This Virginia nurse worries changes will increase debt.


RICHMOND, Va. — University of Virginia graduate nursing student Nelly Sekyere worries that proposed federal loan cuts could prevent future students like herself from pursuing advanced nursing degrees that are helpful in filling shortages in underserved communities.

Sekyere’s parents moved to the United States from Ghana to pursue the American Dream. They worked hourly wage jobs to support their two kids and ultimately became licensed practical nurses, but they never had much money.

Nelly Sekyere

“My dad’s credit score was to the point where it was just awful. He had to file for bankruptcy. He was in so much debt,” Sekyere said.

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Still, their children had big dreams and understood the value of hard work. Sekyere, who currently works as a nurse for a local health department, is now a student at UVA pursuing her doctorate to become a family nurse practitioner and to teach others who want to be nurses.

“I do plan to work in underserved communities and rural regions because that is something I am used to, and I feel that is where my expertise are needed the most,” Sekyere said.

She is able to pursue the doctorate because she qualifies for $200,000 in federal graduate degree loans. She said that without the loans, she couldn’t afford the degree.

“I would not. I physically could not afford it,” Sekyere said.

But future nursing graduate students like her may not be able to access as much federal loan money under graduate loan program changes within the One Big Beautiful Bill. Those changes would mean students enrolling in post-baccalaureate nursing programs would be eligible for half the amount of money in federal graduate loans they are currently allowed to take out.

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Currently, they can take out $200,000 in federal graduate loans. That number would drop to $100,000 if the changes take effect.

“This impacts those that are pursuing a master’s in nursing, a doctorate of nursing practice or a PhD in nursing,” said Cindy Rubenstein, Director of Nursing and a professor at Randolph Macon College. “Those graduate programs actually prepare nurses to be advanced practice nurses whether that is a Nurse Practioner in primary care, midwives specialists, and also as educators and nurse scientists.”

On its website, the U.S. Department of Education states “95% of nursing students borrow below the annual loan limit and are therefore not affected by the new caps. Further, placing a cap on loans will push the remaining graduate nursing programs to reduce costs, ensuring that nurses will not be saddled with unmanageable student loan debt.”

Rubenstein said she understands the administration’s desire to control tuition costs and limit borrowing amounts. But she says the reality is that the proposal does not take into account the cost of key professional programs that we have shortages in.

“Health care training at the graduate level is more expensive than other training programs and other graduate degrees and that is because of the requirements for clinical practice,” Rubenstein said.

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Both Rubenstein and Sekyere worry that reducing the amount of federal loan money a person can take out to pursue those higher nursing degrees will stop people from entering the programs because they either don’t qualify for a private loan or the interest rate is too high.

“I likely foresee in the future that graduate students are going to get themselves into private loan debt and with these programs there is no student loan forgiveness, there is no leniency, there is no income driven plans for you to be able to pay that back,” Sekyere said.

The federal loan changes are slated to take effect July 1 of next year. The Education Department is still working to define exactly which professional programs will no longer be eligible for the higher loan amounts and may make changes based on public comments.

CBS 6 asked Congressman Rob Wittman (R-1st District), who voted for the One Big Beautiful Bill, about the changes to the graduate nursing loans, and he sent us the following statement:

“Our healthcare professionals, especially our nurses, work tirelessly to serve our communities and ensuring pathways to training and education is essential. This proposed rule from the Department of Education has not yet been finalized, and there will be another opportunity for public comment. I will continue to monitor this situation as it develops and I remain committed to addressing the affordability of higher education.”

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Veteran environmental legislator David Bulova selected as Virginia’s next resources secretary

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Veteran environmental legislator David Bulova selected as Virginia’s next resources secretary


Gov.-elect Abigail Spanberger moved Thursday to elevate one of the General Assembly’s most seasoned environmental lawmakers, selecting Del. David Bulova, D-Fairfax, to lead Virginia’s natural and historic resources portfolio when she takes office next month.Spanberger said Bulova’s decades in environmental planning and his legislative work on water quality, Chesapeake Bay cleanup and conservation policy make him well suited to steer the administration’s efforts on climate resilience, preservation and land stewardship. In announcing the choice, she framed the appointment as central to her agenda.



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