Thu Jan 5, 2023 – 5:38 pm EST
FRANKFORT, Kentucky (LifeSiteNews) – Kentucky is the latest state taking measures to disincentivize corporations from left-wing activism, this week threatening to divest the state from 11 companies that boycott energy producers.
On Tuesday, the office of Kentucky State Treasurer Allison Ball released a list of 11 financial institutions that “are engaging in energy company boycotts”: BlackRock, BNP Paribas SA, Citi Group, Climate First Bank, Dankse Bank A/S, HSBC, JP Morgan Chase & Co., Nordea Bank ABP, Schroders, Svenska Handelsbanken, and Swedbank Group.
If the named entities do not reverse their boycotts within 120 days, Kentucky threatens to divest its funds from them.
“When companies boycott fossil fuels, they intentionally choke off the lifeblood of capital to Kentucky’s signature industries,” Ball said in a press release that noted the energy sector represents 7.8% of Kentucky’s total employment and 94.5% of its electrical power generation. “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.”
“I hope that we get some changes from people, and
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