Kentucky's state treasurer announced an aggressive measure Monday to fight back against financial institutions' efforts to push green energy and boycott fossil fuel production.
, the listed banks — which included BlackRock, the largest asset manager in the world, JPMorgan Chase, Citigroup and HSBC among others — were found to be in an active boycott of fossil fuel companies. The Kentucky state government could begin divesting from the firms if they didn't reverse their boycotts, according to the notice obtained first by FOX Business.
that are determined to be engaging in a boycott of energy and fossil fuel companies. Democratic Gov. Andy Beshear signed the bill, which was endorsed by both the Kentucky Oil and Gas Association and Kentucky Coal Association, into law on April 8, 2022. The law directs the state treasurer's office to publish an annual list of financial firms engaged in energy boycotts. State agencies then must notify the office if they own direct or indirect holdings of the listed companies and send a notice to the relevant companies within 30 days. If the companies don't halt their boycotts within 90 days of receiving such notice, the state government could divest from their holdings.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Biden to promote U.S. infrastructure spending in bipartisan Kentucky visitThe event is set to take place on Wednesday, a day after the Republicans take the majority in the House, breaking Democrats' control of Congress and ushering in a period of divided government.
Consulte Mais informação »
Biden set to launch New Year’s infrastructure pitch with McConnell at his side in KentuckyDemocratic president appealed in holiday message for a return to seeing one another ‘not as members of “Team Red” or “Team Blue,” but as who we really are —...
Consulte Mais informação »
Taste Test: Kentucky Owl’s Newest Bourbon Lives Up to the Cult Whiskey’s Unicorn StatusA new master blender hasn’t slowed this distiller down.
Consulte Mais informação »
McConnell to host Biden in Kentucky for event celebrating president's 'economic plan'Senate Minority Leader Mitch McConnell (R-KY) will join President Joe Biden for a rare joint event held in the senator's state on Wednesday.
Consulte Mais informação »
Mitch McConnell becomes longest-serving party leader in Senate historySenate Republican Leader Mitch McConnell plans to mark his tenure as the chamber's longest-serving party leader.
Consulte Mais informação »
Possible Tornado Damages Arkansas School; Kentucky Flooding; Trees Down In Louisiana | Weather.comSevere weather continues across the South with reports of damage from storms and tornadoes in several areas. - Articles from The Weather Channel | weather.com
Consulte Mais informação »