02:12 PM EDT, 04/08/2024 (MT Newswires) -- West Virginia State Treasurer Riley Moore announced Monday that Citigroup ( C ) , HSBC (HSBC), Northern Trust (NTRS), and Toronto-Dominion Bank's ( MLWIQXX ) TD Bank unit were added to the state's restricted list after he determined they are engaged in boycotts of fossil fuel companies.

The determination was based on a review of each financial institution's own environmental, social, and governance policies and other publicly available statements, his office said in a statement.

According to the statement, the list bars the banks from receiving state banking contracts.

The four banks join BlackRock ( BLK ) , Goldman Sachs ( GS ) , JPMorgan Chase ( JPM ) , Morgan Stanley ( MS ) , and Wells Fargo ( WFC ) , which were added to the initial list published in July 2022.

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