CODY (WNE) — Bank of the West’s decision to divest from fossil fuels is drawing ire and kickback across the state.
On a local level, the Park County Sheriff’s Office is pulling its accounts from Bank of the West in response to the bank’s recent decision to halt business with fossil fuel developers and tobacco-tied industries.
The San Francisco-based bank recently announced it would be “investing where we feel we can make the most impact” and withdrawing support for companies and business activities that are “detrimental to our environment and our health.”
In response, Park County treasurer Barb Poley said sheriff Scott Steward recently pulled all sheriff’s office accounts tied to the bank. Poley estimated that there were no more than “a few thousand dollars” in the accounts.
Poley said that the sheriff accounts were the only Park County funds dispersed in the bank.
State treasurer Mark Gordon and Gov. Matt Mead recently announced they will be pulling tens of millions of state dollars from the Bank of the West as a result of the bank’s policies, and many other cities and counties across the state are also following suit.