{"id":1591089,"date":"2022-08-05T13:19:12","date_gmt":"2022-08-05T17:19:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1591089"},"modified":"2022-08-05T13:19:14","modified_gmt":"2022-08-05T17:19:14","slug":"red-states-fighting-woke-banks-that-push-anti-fossil-fuel-policies","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/red-states-fighting-woke-banks-that-push-anti-fossil-fuel-policies\/","title":{"rendered":"Red States Fighting \u2018Woke\u2019 Banks That Push Anti-Fossil Fuel Policies"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/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%2Fred-states-fighting-woke-banks-that-push-anti-fossil-fuel-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=1591089&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>Republican states are fighting efforts by certain banks to push environmental, social, and governance (ESG) standards that promote,\u00a0among other progressive agenda, anti-fossil fuel policies.<\/p>\n<p>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 <a href=\"https:\/\/www.foxbusiness.com\/politics\/republican-states-planning-assault-woke-banks-wont-do-business\">FOX Business<\/a>. Texas, Kentucky, and Oklahoma are already compiling lists of banks with such policies.<\/p>\n<p>A spokesperson for Kentucky State Treasurer Allison Ball, when speaking to Fox Business, pointed out that fossil fuel industries are \u201ceconomically integral\u201d to the state.<\/p>\n<p>\u201cThey provide jobs for Kentuckians, fuel communities and the supply chain, and keep the lights on. We want to support these signature industries,\u201d the spokesperson said. \u201cWe hope we have sent the message that if you won\u2019t do business with Kentucky, we won\u2019t do business with you.\u201d<\/p>\n<p>West Virginia recently announced that it will block five financial institutions from entering into banking contracts with state agencies after these entities pushed policies against the fossil fuel industry. The sanctioned institutions include JP Morgan, Goldman Sachs, and BlackRock.<\/p>\n<p>Coal, natural gas, and oil industries are critical to West Virginia. In fiscal 2022, for example, the state collected nearly $800 million through taxes from these industries, far more than the $300 collected during the previous fiscal.<\/p>\n<p>\u201cWe felt like we had a clear conflict of interest,\u201d West Virginia Treasurer Riley Moore <a href=\"https:\/\/www.theepochtimes.com\/here-are-the-six-banks-west-virginia-says-violate-its-fossil-fuel-anti-boycott-law_4530642.html\">said<\/a> during a June 8 press conference. \u201cWe produce coal, gas, and oil, and this ESG movement in its current form is really an existential threat to our jobs, our economy, and our tax revenue.\u201d<\/p>\n<p> Countering ESG <\/p>\n<p>According to Utah State Treasurer Marlo Oaks, investment<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republican states are fighting efforts by certain banks to push environmental, social, and governance (ESG) standards that promote,\u00a0among 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, [\u2026]<\/p>\n","protected":false},"author":186,"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-1591089","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\/1591089","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\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1591089"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1591089\/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=1591089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1591089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1591089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}