15 States Threaten To Pull Assets From Big Banks That Cut Off Fossil Fuels
Posted on AllSides May 26th, 2021
From The Right
A coalition of 15 Republican state treasurers is threatening to pull assets from financial institutions that “refuse to lend to or invest in” the coal industry and other fossil fuels.
The state treasurers, led by Riley Moore of coal-dependent West Virginia, sent a letter to special climate envoy John Kerry on Tuesday that criticized his efforts to pressure big banks and lenders to cut off fossil fuels, stating their opposition to the Biden administration’s “command and control” policies.
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