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Treasurer Riley Moore criticizes reported plans to cut funding for oil, gas industry

Published: Apr. 22, 2021 at 5:03 PM EDT
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PARKERSBURG, W.Va. (WTAP) -

West Virginia treasurer Riley Moore released a statement Thursday in response to reports that President Biden’s administration is looking to pressure banks into cutting funds and lending to the oil and gas industry.

Moore was in Parkersburg Thursday to attend some meetings in the area, and met with WTAP to discuss his stance on what the Biden administration is reportedly planning.

Moore says that this plan goes against what the United States stands for as a country, and will really impact West Virginia in a negative way.

“They are trying to pick winners and losers,” Moore said. “They are trying to say coal and gas is a loser, and they’re trying to push banks to no longer offer lending and financing of the fossil fuel industry. I think it’s un-American, and I think it serves the interests of those that are diametrically opposed to our way of life.”

Moore goes on to say, in his statement, that his message to West Virginia oil and gas workers that he will, “fight to protect your jobs and financial freedom.”

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