SHEFFIELD: Here’s How One Red State Is Beating Back Woke Activism On Wall Street

Now this is democracy in action — a model for other states on how to successfully defeat woke activism. By responding to reasonable concerns from the state of West Virginia, U.S. Bancorp saved itself from the fate of five other major banks pushing a leftist, partisan agenda that harms citizens’ interests. Other states are smart to pay attention.

West Virginia State Treasurer Riley Moore threw down the gauntlet and blocked five major Wall Street banks from doing business with the state because these banks sought to harm the state’s key industries through divisive Environmental, Social and Governance (ESG) policies. (RELATED: ANTONI: America Declines As The Elites Remain In Denial)

Forty-five days after Moore warned U.S. Bancorp, Goldman Sachs, JP Morgan, Morgan Stanley, Wells Fargo and BlackRock that “boycotting” fossil fuels would find them banned from accessing state business, five of the six big banks were officially blocked.

But U.S. Bancorp was spared listing on West Virginia’s Restricted Financial Institutions, Moore’s office said, because it used the 30-day response window to clean up its act and reform its ESG policies — away from an outright ban on financing coal-fired plants.

In 2021, U.S. Bancorp’s ESG policy read “The Company prohibits direct project financing

View Source