Republican states are fighting efforts by certain banks to push environmental, social, and governance (ESG) standards that promote, among other progressive agenda, anti-fossil fuel policies.
Over the past year, at least 15 Republican-led states have proposed policies or laws that would punish banks for taking an anti-fossil fuel stance. State financial officers from Texas, Arkansas, Utah, Florida, Kentucky, North Dakota, Arizona, Idaho, Louisiana, and South Carolina are taking or considering taking actions against banks boycotting energy firms, according to FOX Business. Texas, Kentucky, and Oklahoma are already compiling lists of banks with such policies.
A spokesperson for Kentucky State Treasurer Allison Ball, when speaking to Fox Business, pointed out that fossil fuel industries are “economically integral” to the state….