The Globe and Mail reports in its Wednesday edition that the West Virginia State Treasurer has blacklisted TD Bank for a purported stand against backing coal-mining projects. The Globe's Jeffrey Jones writes that West Virginia State Treasurer Riley Moore on Monday placed TD Bank and three other banks on its restricted financial institutions list. As a result, they will not be allowed to provide banking services to the state. Another of Canada's Big Five banks, Bank of Montreal, skirted the blacklist after removing a policy that restricted lending to new coal projects. In 2021, the bank published a statement saying it would not provide financing for new greenfield coal-fired power plants, thermal coal mines or significant expansions of such projects. It also placed restrictions on lending to new clients that operate significant coal mines or coal-fired power generation. However, it dropped that language last November. The West Virginia treasurer's office had warned BMO in February that it could be placed on the state's restricted list based on the policy, and the bank's counsel responded by saying it had already removed the statement. A BMO source says the bank wants to make clear that it does not boycott energy companies.