{"id":1045079,"date":"2021-11-22T16:59:39","date_gmt":"2021-11-22T21:59:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1045079"},"modified":"2021-11-22T16:59:44","modified_gmt":"2021-11-22T21:59:44","slug":"un-american-republican-state-financial-officers-call-for-banks-to-stop-catering-to-bidens-coal-and-oil-policies","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/un-american-republican-state-financial-officers-call-for-banks-to-stop-catering-to-bidens-coal-and-oil-policies\/","title":{"rendered":"\u2018Un-American\u2019: Republican State Financial Officers Call For Banks To Stop Catering To Biden\u2019s Coal and Oil Policies"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fun-american-republican-state-financial-officers-call-for-banks-to-stop-catering-to-bidens-coal-and-oil-policies%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1045079&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Led by West Virginia Treasurer Riley Moore, 16 Republican state financial officers have banded together to fight bank boycotts against the oil and coal industry.&nbsp;<\/p>\n<p>\u201cI\u2019m proud to continue to stand with my colleagues against these attacks on our states\u2019 coal, oil and natural gas industries,\u201d Moore <a href=\"https:\/\/www.wvtreasury.com\/About-The-Office\/Press-Releases\/ID\/394\/WV-Treasurer-Moore-Leads-15-State-Coalition-to-Push-Back-Against-Bank-Boycotts-of-Traditional-Energy-Industries\">said<\/a>. \u201cThese industries \u2013 which are engaged in perfectly legal activities \u2013 provide jobs, paychecks and benefits to thousands of hard-working families in our states and we will not stand idly by and allow our peoples\u2019 livelihoods to be destroyed to advance a radical social agenda.\u201d<\/p>\n<p>In a <a href=\"https:\/\/www.wvtreasury.com\/Portals\/wvtreasury\/Fossil%20Fuel%20Banking%20Letter%20Nov%2022.pdf\">letter<\/a> to U.S. banking institutions, the financial officers announced that they would \u201cbe taking collective action in response to the ongoing and growing economic boycott of traditional energy production industries by U.S. financial institutions.\u201d<\/p>\n<p>The goal of the action would be to \u201cprotect our states\u2019 economies, jobs, and energy independence from these unwarranted attacks on our critical industries.\u201d<\/p>\n<p>Fourteen Republican state treasurers signed on, including the treasures of Arizona, Arkansas, and Alabama. The Republican comptroller of Texas and Utah state auditor also signed on to the letter.&nbsp;<\/p>\n<p>The letter specifically called out the Biden administration\u2019s efforts to move toward the end of the coal and oil industries.&nbsp;<\/p>\n<p>\u201cThe Biden Administration has resumed these attacks by attempting to ban energy exploration on public lands and reportedly pressuring U.S. banks and financial institutions to limit, encumber, or outright refuse financing for traditional energy production companies,\u201d the financial officers wrote.&nbsp;<\/p>\n<p>They also cited Biden\u2019s plan to stop financing traditional energy projects internationally. The Republicans argued that this move aided \u201cChinese interests\u201d and led the U.S to be dependent on other countries for energy.&nbsp;<\/p>\n<p>The letter continues, \u201cFor the reasons stated above, we will each take concrete steps within our respective authority to select financial institutions that support a free market and are not engaged in harmful fossil fuel industry boycotts for our states\u2019 financial services contracts.\u201d<\/p>\n<p>One step mentioned was that certain states will make sure that banks they are working with will not be boycotting the oil and gas industry.&nbsp;<\/p>\n<p>In a press release announcing the coalition, Moore pinned much of the blame for banking\u2019s aversions to the oil and gas industry on \u201cwoke capitalists\u201d and \u201cglobalist actors.\u201d&nbsp;<\/p>\n<p>\u201cWoke capitalists and globalist actors have been using the guise of climate change to press for anti-American reforms that reduce our country\u2019s competitiveness against hostile nations like Russia and China,\u201d he said. \u201cAs a result, in less than a year<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Led by West Virginia Treasurer Riley Moore, 16 Republican state financial officers have banded together to fight bank boycotts against the oil and coal industry.\u00a0\u201cI\u2019m proud to continue to stand with my colleagues against these attacks on our states\u2019 coal, oil and natural gas industries,\u201d Moore said. \u201cThese industries \u2013 which are engaged in perfectly legal activities \u2013 provide jobs, paychecks and benefits to thousands of hard-working families in our states and we will not stand idly by and allow our peoples\u2019 livelihoods to be destroyed to advance a radical social agenda.\u201dIn a letter to U.S. banking institutions, the financial officers announced that they would \u201cbe taking collective action in response to the ongoing and growing economic boycott of traditional energy production industries by U.S. financial institutions.\u201dThe goal of the action would be to \u201cprotect our states\u2019 economies, jobs, and energy independence from these unwarranted attacks on our critical industries.\u201dFourteen Republican state treasurers signed on, including the treasures of Arizona, Arkansas, and Alabama. The Republican comptroller of Texas and Utah state auditor also signed on to the letter.\u00a0The letter specifically called out the Biden administration\u2019s efforts to move toward the end of the coal and oil industries.\u00a0\u201cThe Biden Administration has resumed these attacks by attempting to ban energy exploration on public lands and reportedly pressuring U.S. banks and financial institutions to limit, encumber, or outright refuse financing for traditional energy production companies,\u201d the financial officers wrote.\u00a0They also cited Biden\u2019s plan to stop financing traditional energy projects internationally. The Republicans argued that this move aided \u201cChinese interests\u201d and led the U.S to be dependent on other countries for energy.\u00a0The letter continues, \u201cFor the reasons stated above, we will each take concrete steps within our respective authority to select financial institutions that support a free market and are not engaged in harmful fossil fuel industry boycotts for our states\u2019 financial services contracts.\u201dOne step mentioned was that certain states will make sure that banks they are working with will not be boycotting the oil and gas industry.\u00a0In a press release announcing the coalition, Moore pinned much of the blame for banking\u2019s aversions to the oil and gas industry on \u201cwoke capitalists\u201d and \u201cglobalist actors.\u201d\u00a0\u201cWoke capitalists and globalist actors have been using the guise of climate change to press for anti-American reforms that reduce our country\u2019s competitiveness against hostile nations like Russia and China,\u201d he said. \u201cAs a result, in less than a year our country has gone from energy independence to having a President who is begging OPEC and Russia to pump more oil.\u201dHe noted that attacks on the traditional energy industry were \u201cmisguided\u201d and \u201cun-American.\u201d\u00a0Moore told National Review that another reason he was forming the coalition was to protect the jobs of West Virginians.\u00a0\u201cThey sold us on globalization and now the only businesses in our small towns are Wal Marts. Now they want to eliminate one of the only remaining industries that gives West Virginians a good living,\u201d he said.\u00a0Biden\u2019s nominee for the Office of the Comptroller of the Currency, Saule Omarova, has stated that she wants the oil and gas industries to go bankrupt.\u00a0\u201cHere what I\u2019m thinking about is primarily coal industry and oil and gas industry. A lot of the smaller players in that industry are going to probably go bankrupt in short order, at least we want them to go bankrupt if we want to tackle climate change,\u201d Omarova said in a video clip, publicized by the American Accountability Foundation (AAF).The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":200,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1045079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1045079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1045079"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1045079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1045079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1045079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1045079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}