‘Reckless attacks on law-abiding energy companies’
on 23rd November 2021 @ 4.00pm
The officials warned the banking industry leaders of their intentions in a letterFifteen states have announced they will push against banks that divest from the fossil fuel industry.
The announcement said that the coalition of top state financial officers represents over $600 billion in public assets under management.
The officials warned the banking industry leaders in a letter that they would consider institutions’ boycotts of fossil fuel companies before awarding state contracts.
“Reckless attacks on law-abiding energy companies cut off paychecks for workers and take food off the tables of hard-working families,” Moore and the other officials wrote.
“The Biden Administration has resumed these attacks by attempting to ban energy exploration on public lands …
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