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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 Union University Juneteenth concert celebrates faith, unity with community

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Virginia Union University Juneteenth concert celebrates faith, unity with community


RICHMOND, Va. (WRIC) — Virginia Union University (VUU) hosted a Juneteenth celebration with a free outdoor concert to uplift and bring the community together Saturday afternoon.

On Saturday, June 20 from 12 to 3 p.m., VUU’s Hezekiah Walker Center for Gospel Music hosted its Juneteenth Concert: Honoring Freedom, Celebrating Faith, Inspiring Unity on the campus’s Barco-Stevens Lawn.

“This free outdoor concert is designed to uplift, reflect, and bring our community together in the spirit of liberation and joy,” a statement posted.

The free outdoor concert’s headliner was Pastor Shirley Caesar, who has helped define gospel music and inspire generations over her 70-year career. The lineup also included Patrick Riddick & D’Vyne Worship, Kenneth Taylor & FWC Experience and the Virginia Union University Gospel Choir.

Additionally, leadership from VUU and the Hezekiah Walker Center for Gospel Music spoke at the event.

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15 things to know about the budget deal Virginia lawmakers just reached

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15 things to know about the budget deal Virginia lawmakers just reached


Virginia has a budget deal.

It’s late in the sense that the expectation had been the General Assembly would work this out before it adjourned back in March. However, it comes 12 days before the state starts a new budget year, so lawmakers will apparently not be taking things to the brink. The legislature reconvenes Monday to take up the spending plan that House and Senate negotiators released Friday night.

The exact details (which will be voluminous) haven’t been posted on the General Assembly’s website yet. We do, however, have a 68-page summary that outlines what’s in the deal. The headliner: a compromise on data center taxation that keeps the controversial tax incentives in place but creates a new tax on the electricity they use.

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The other highlights — as seen from the standpoint of Southwest and Southside — include funding to start construction of an inland port in Washington County and expand the Virginia Tech Carilion School of Medicine, as well as language authorizing a formal partnership between George Mason University and Averett University. One surprise: $100,000 to fund a statue in Roanoke of the late judge and lawmaker Onzlee Ware.

Gov. Abigail Spanberger and legislative leaders had earlier reached an agreement on how to legalize retail sales of cannabis. That’s now included in the budget deal, with sales starting July 1, 2027. See the earlier story by Cardinal’s Richmond-based reporter Elizabeth Beyer for details.

Here’s an overview of what we know — with the caveat that more details will be forthcoming when the actual budget language is available.

1. Data center taxation compromise

An aerial view of data centers in Ashburn in Loudoun County. Courtesy of Theodore Christopher.

The main reason that the budget took so long is that Senate Finance Chair Louise Lucas, D-Portsmouth, spent weeks insisting that the state should eliminate its tax breaks for data centers eight years early. That brought pushback from both the governor and House leaders, who worried that would send a signal to other business sectors that the state can’t be trusted.

This deal keeps the tax breaks for data centers intact (they’re set to expire in 2035). Instead, it creates a tax on the electricity that data centers consume. When that was floated earlier in the week, business groups pushed back against it. The version in the budget deal calls for the revenue collected through that tax to be capped at $600 million a year — and says that any monies collected over that be refunded on a pro-rated basis at the end of the fiscal year. It was unclear what the reaction to this will be, but collecting $600 million a year seems a significant climb-down compared to those who wanted to do away with the tax exemption that forgoes $1.9 billion per year in exchange for $9.1 billion in gross domestic product from data centers.

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The summary also says there will be at least four items in the budget that will set in motion new regulations. Among them are references to “data center noise regulation language” and “data center cooling water scarcity regulations.”

2. Inland port in Washington County

The Oak Park Center for Business and Industry in Washington County, a possible site for an inland port. Courtesy of Washington County.

An “inland port” does not involve water or ships. Instead, it’s the industry term for a freight hub that collects cargo headed to or from a water port. Virginia already has an inland port near Front Royal that facilitates rail shipments to and from Hampton Roads; it’s also spurred thousands of warehouse and trucking jobs in the northern Shenandoah Valley.

Legislators in Southwest Virginia — led by state Sen. Todd Pillion, R-Washington County — have been pushing for several years to create a similar inland port in Southwest Virginia, specifically at the Oak Park Center for Business and Industry in Washington County.

This deal includes $20 million to get construction started. (Pillion is one of the budget negotiators so was in a position to make sure this money was included in the budget.)

3. Virginia Tech Carilion School of Medicine and other healthcare workforce funding

The Department of Neurosurgery will be the 12th at the Virginia Tech Carilion School of Medicine, pending approval by the State Council for Higher Education in Virginia. Courtesy of Virginia Tech/Ryan Anderson.

The school in Roanoke is slated to get $13 million for expansion as part of a larger $74.4 million plan to expand the healthcare workforce.

Nursing programs at James Madison University, Radford University and the University of Mary Washington will get a total of $7.6 million.

The budget deal also includes $6 million for the Virginia Tech Patient Research Center and $500,000 for workforce development programs in the Roanoke Valley and Alleghany Highlands in healthcare and biomedical sciences fields.

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4. Interstate 81

Interstate 81 near Exit 132, the Dixie Caverns exit. Courtesy of the Virginia Department of Transportation.

The budget directs the secretary of transportation to “evaluate options to Accelerate I-81 Projects; including tolling options as long as there are 2 toll-free lanes in each direction.” That seems to foreshadow a third lane that might have tolls. Del. Terry Austin, R-Botetourt County and a budget negotiator, said Secretary of Transportation Nick Donahue wanted that provision.

5. Virginia Coalfields Expressway

The section of the Coalfields Expressway at Southern Gap in Buchanan County is now open to traffic.
The section of the Coalfields Expressway at Southern Gap in Buchanan County has opened to traffic. Courtesy of Jonathan Belcher.

The slow-moving road project that’s slated to run through Buchanan County and Dickenson County gets $7 million for improvements to U.S. 460 in Buchanan County.

6. New College Institute

The New College Institute campus at the Baldwin Building in Martsinville.
The New College Institute campus at the Baldwin Building in Martinsville. Cardinal News file photo.

The budget changes the name of the Martinsville-based center from the New College Institute to the West Piedmont Higher Education Center and includes funding in the second year of the two-year budget. When then-Gov. Glenn Youngkin introduced his budget back in December, he had zeroed out that second-year funding.

7. George Mason University/Averett University

a large brick building with many windows and white columns in front, the main hall at Averett University, stands behind a historic marker about the school
Averett University in Danville. Photo by Grace Mamon.

Del. David Reid, D-Loudoun County, has pushed for a formal partnership between the public school in Northern Virginia and the private school in Danville as a way to expand GMU’s reach. The budget deal includes the language to make that happen. It’s unclear what that will mean in practice, but the budget language authorizes George Mason to work with Averett on both undergraduate and graduate programs as well as other workforce-related issues. There’s no money attached, but the language lists multiple groups that would be allowed to help fund this work, including the GO Virginia economic development program, the Tobacco Commission, the Virginia Economic Development Partnership, the Danville Regional Foundation and other nonprofits.

“I’m pleased GMU will now have official authorization to move forward in what is probably the most dynamic economic area of the Commonwealth,” Reid said in a text message.

8. Onzlee Ware statue in Roanoke

Onzlee Ware
Onzlee Ware Courtesy of RMC2012

An unexpected item was $100,000 for a “Roanoke commemoration.” Legislators said this was for a statue to the late Onzlee Ware, the first Black state legislator west of the Blue Ridge and later a judge.

House Appropriations Chair Luke Torian, D-Prince William County, was cited as the proponent of this measure. “Onzlee was a bit of a mentor to Torian,” said Del. Sam Rasoul, D-Roanoke, a member of the House Appropriations Committee.

9. Local referendums on sales tax increases for schools

At present, nine localities are authorized to hold referendums to increase the local sales tax, with the proceeds going to schools. There’s been a push to expand that power statewide. In this year’s General Assembly session, bills related to these local referendums were set aside with the expectation that they’d simply be written into the budget. Now they are, with the sales tax increase capped at 1%.

10. State funding formula

A panel will be appointed to study whether and how to change the state’s school funding formula; $1.3 million is set aside for this.

11. New or renovated college buildings

There’s money (unclear how much) to renovate Derring Hall at Virginia Tech and Darden Hall at the University of Virginia’s College at Wise.

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12. Institute for Advanced Learning and Research

The Center for Advanced Manufacturing at the Danville institute is slated to get money for expansion, although it was unclear how much.

13. Housing

The lack of housing — and the high cost of what is available — has been the subject of legislative attention. Among the initiatives: This budget deal authorizes a state loan for Newport News to develop housing around the shipyard as well as other housing construction initiatives in Fairfax County and Prince William County.

14. Richmond Coliseum

The budget deal includes $15 million to help Richmond demolish the Richmond Coliseum, which has been deemed to be obsolete.

15. Tourism

About 3,800 people attended the inaugural Blue Highway Fest last year in Big Stone Gap. Photo courtesy of the town of Big Stone Gap.
The Blue Highway Fest last year in Big Stone Gap. Photo courtesy of the town of Big Stone Gap.

Included in tourism funding is $100,000 for the annual Blue Highway Fest in Wise County. We’ve previously written about that award-winning music festival. Another tourism-related funding item is $305,000 for Breaks Interstate Park, the Virginia side of which is in Dickenson County.

You can read the full summary below. We’ll take a deeper look at the budget deal once we can see the actual language.

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Virginia Lottery Mega Millions, Pick 3 Night results for June 19, 2026

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Virginia Lottery Mega Millions, Pick 3 Night results for June 19, 2026


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The Virginia Lottery offers multiple draw games for those aiming to win big.

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Here’s a look at June 19, 2026, results for each game:

Mega Millions

Mega Millions drawings take place every week on Tuesday and Friday at 11 p.m.

13-16-21-26-50, Mega Ball: 12

Check Mega Millions payouts and previous drawings here.

Pick 3

DAY drawing at 1:59 p.m. NIGHT drawing at 11 p.m. each day.

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Night: 1-0-5, FB: 2

Day: 0-3-3, FB: 3

Check Pick 3 payouts and previous drawings here.

Pick 4

DAY drawing at 1:59 p.m. NIGHT drawing at 11 p.m. each day.

Night: 6-7-5-6, FB: 0

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Day: 7-9-2-7, FB: 9

Check Pick 4 payouts and previous drawings here.

Pick 5

DAY drawing at 1:59 p.m. NIGHT drawing at 11 p.m. each day.

Night: 2-6-7-3-1, FB: 8

Day: 9-5-2-5-7, FB: 6

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Check Pick 5 payouts and previous drawings here.

Cash Pop

Drawing times: Coffee Break 9 a.m.; Lunch Break 12 p.m.; Rush Hour 5 p.m.; Prime Time 9 p.m.; After Hours 11:59 p.m.

Coffee Break: 05

After Hours: 08

Prime Time: 05

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Rush Hour: 02

Lunch Break: 04

Check Cash Pop payouts and previous drawings here.

Cash 5

Drawing every day at 11 p.m.

34-36-42-44-45

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Check Cash 5 payouts and previous drawings here.

Millionaire for Life

Drawing everyday at 11:15 p.m.

02-20-28-51-54, Bonus: 02

Check Millionaire for Life payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

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This results page was generated automatically using information from TinBu and a template written and reviewed by a Center for Community Journalism (CCJ) editor. You can send feedback using this form.



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