BMO dropped plans to curb lending to the coal industry last year to avoid accusations of energy boycotting from West Virginia, Bloomberg has reported, citing an update from West Virginian Treasurer Riley Moore. The update came in the form of a list of financial institutions that restrict lending to the state’s major industry and are exposed as seeking to destroy the state’s vital energy industry, per Moore. The list is a result of a Republican law passed in 2022, which names financial firms that have “publicly stated they…
