West Virginia’s state treasurer has introduced legislation that seeks to further combat corporate environmental and social goals, a move that is part of a broader pushback from Republican-led states.
tate treasurer has introduced legislation that seeks to further combat corporate environmental and social goals, a move that is part of a broader pushback from Republican-led states.
“Say we have a proxy adviser or a fiduciary manager of these funds, say there is something that comes up that is a nonpecuniary interest — any vote like that, like a [diversity, equity, and inclusion] vote … they’re going to have to come to the board for instruction on how to cast that vote,” said Moore.
The news comes a year after Moore, who is also running for Congress, announced that his state would end the use of a BlackRock investment fund. He said BlackRock has pushed companies to embrace investment strategies that hurt the fossil fuel industry while increasing investment in Chinese companies that go against U.S. interests and damage his state's manufacturing base.
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