Banks in Kentucky are discovering that their ideological commitment to boycotting fossil fuels – an agenda that coordinates with Joe Biden’s extreme green scheme – may cost them.
A new report from The Federalist explains that Kentucky state Treasurer Allison Ball has warned that banks that boycott fossil fuel projects could lose state business.
“When companies boycott fossil fuels, they intentionally choke off the lifeblood of capital to Kentucky’s signature industries,” Ball said, in listing 11 different financial firms now on notice.
“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.”
Ball is giving the companies a choice between managing taxpayer assets well or continuing their “animosity toward American energy,” the report explained.
Ball said the state has given its agencies 30 days to report any direct or indirect holdings in companies that have attacked America’s fossil fuels industry, including Citigroup, JPMorgan Chase and BlackRock.
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Ball’s office said the energy sector is responsible for about 8% of state employment. Further, the report noted, “The U.S. Energy Department reported last summer that more than 70 percent of the state’s electricity came from coal in 2021, giving Kentucky residents the 12th-lowest prices in the nation.”
The report explained West Virginia Treasurer Riley Moore already has insisted BlackRock CEO Larry Fink resign because of the company’s allegiance to “anti-energy environmental, social, and governance (ESG) standards to the detriment of shareholders.”
The Wall Street firm, in fact, saw its assets over the last year drop by $2 trillion as it moved further and further into using its clients’ assets for its political agenda.
North Carolina Treasurer Dale Folwell also has suggested the BlackRock executive depart.
Other states that have removed taxpayer assets from BlackRock include Arkansas, Utah, Louisiana, South Carolina, Missouri, Florida, Arizona, and Texas.
EDITOR’S NOTE: The “Climate Change Cult.” The “Anti-Racism Cult.” The “Cult of Wokeness.” The “LGBTQ Cult” and its predatory offspring targeting America’s children, the “Transgender Cult.” The “Cult of Abortion.” The “COVID Cult.” The “Cult of Globalism.” “TikTok Cults.” Every month the list grows.
To right-thinking Americans attempting to make sense of a nation seemingly gone mad, it’s becoming increasingly clear that the irrational, deranged – and often demonic – leftwing political and cultural movements currently capturing the minds of millions of Americans are nothing short of full-fledged cults.
Although the high priesthood of all these leftwing religious cults – i.e., university professors, academics and other Marxist ideologues and activists – may be true believers, the people actually wielding REAL POWER do not believe any of it. To them, these leftwing cults conveniently serve to disguise and distract “the rabble” from what the leader class is REALLY up to, which is the pursuit of ever more power, wealth and glory for themselves, and a total transformation of America and the world.
All of this and much more is explored in a powerful, insightful and absolutely unique way in the latest issue of WND’s acclaimed monthly Whistleblower magazine, titled “HOLY WAR: Defeating the growing cult of leftism and its total war on Christianity.”
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