The State of Kentucky on Tuesday released a list of 11 financial companies that included BlackRock and JPMorgan Chase, warning that they are at risk of divestment because of their ideologically driven boycott of the fossil fuel industry.
“When companies boycott fossil fuels, they intentionally choke off the lifeblood of capital to Kentucky’s signature industries,” Kentucky State Treasurer Allison Ball said in a statement, noting that 143,994 jobs or 7.8 percent of the state’s overall employment are tied to the traditional energy sector.
“Traditional energy sources fuel our Kentucky economy, provide much needed jobs, and warm our homes. Kentucky must not allow our signature industries to be irreparably damaged based upon the ideological whims of a select few,” she added….