Do I understand what you are saying?
WV has just passed a law preventing banks from operating in the state if they don’t support the state’s fossil fuel industry. ??
I’m not a lawyer, but that doesn’t sound legal to me. I wonder how long before the banks sue WV to repeal the law. If it’s even worth the trouble to do business in WV.
Did WV just cut off its nose to spite its face?
Yes, you understand correctly. This is the effect of the spread of states enacting “anti-woke” laws. I initially posted about the several companies that are offering employees financial assistance if they have to go out of state for an abortion, running afoul of the state governments. Then, I found this article.
states are targeting Wall Street with ‘anti-woke’ laws
states have unleashed a policy push to punish Wall Street for taking stances on gun control, climate change, diversity and other social issues, in a warning for companies that have waded in to fractious social debates.
Abortion rights are poised to be the next frontier.
This year there are at least 44 bills or new laws in 17 … states penalizing such company policies,
https://www.reuters.com/world/us/how-republican-led-states-a…
We recently saw Disney’s special development district, that had been granted by Florida as an incentive for the construction of Disney World, revoked in retribution for the company opposing homophobic state policies.
Steve