The Globe and Mail reports in its Wednesday edition that one of Canada's biggest banks is in the crosshairs of an anti-ESG U.S. State Treasurer, who has boycotted one for a purported stand against fossil fuels. 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. Mr. Moore said the state had determined that TD, along with Citigroup, Northern Trust and HSBC, "are engaged in boycotts of fossil fuel companies as defined under state law." He is among several U.S. state officials who have waged battle against the use of environmental, social and governance risk management in guiding investment decisions as part of a Republican backlash. Texas, Kentucky, Oklahoma and Florida have made similar moves. There are 20 states with rules that could be construed as anti-ESG. In 2022, TD established its position of avoiding lending to companies that get more than 30 per cent of revenue from mining thermal coal or unabated coal-fired power generation. Also blacklisted are BlackRock, Goldman Sachs, JPMorgan, Morgan Stanley and Wells Fargo.