The Kentucky Treasurer recently called out woke companies for prioritizing their political agenda instead of taking care of their customers. This is something that has been a growing trend in the liberal world and the treasurer speaking out will hopefully put an end to this ridiculous discrimination. These companies need to get back in their lanes, and not just in Kentucky either.
Republican leaders in Kentucky are taking significant steps to ensure that woke ESG-Environmental, Social, Governance- policies do not continue to cripple their economy .Keeping an eye out for policy shifts and other opportunities, Treasurer Allison Ball has led the charge in making sure the Commonwealth stands strong. From fighting for fiscal responsibility and financial stability to preserving the Bluegrass State’s ability to thrive and succeed, treasurer Ball is determined to protect her state from any policies that would do harm to its prosperity. And most importantly from becoming like California which seems to be the standard.
Town Hall reports, KY GOP leaders are not kidding around when it comes to woke ESG – environmental, social, and governance – policies that endanger the Bluegrass State’s economy and citizens’ well-being.
As part of its investigations into companies that use environmental, social, and governance practices in efforts to “decarbonize” the global economy, as well as fighting to prevent woke asset management firms from buying public utilities, Kentucky is putting companies boycotting renewable energy on notice.
As part of a 2022 law that directs Ball’s office to publish a list of companies actively boycotting energy companies, Kentucky State Treasurer Allison Ball listed 11 such financial companies boycotting energy companies on Tuesday. By doing so, the Commonwealth will be able to divest from these companies.
Treasurer Ball explained in a statement, “When companies boycott fossil fuels, they intentionally choke off the lifeblood of capital to Kentucky’s signature industries. 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.”
Approximately 144,000 jobs are employed in Kentucky’s energy sector, according to Treasurer Ball’s office. Over half of residents of the Bluegrass State use it to heat their homes, which accounts for close to 95 percent of the state’s power generation.
Kentucky law now considers those 11 institutions “Restricted Financial Institutions,” and the state government has 30 days to notify Treasurer Ball’s office of any direct or indirect holdings it owns and to send the restricted institution a written notice.
If the restricted institution wants to avoid divesting, it must end its energy boycott within 90 days of receiving this notice.
Republican leaders in mostly conservative states need to take a commanding stance when it comes to the handling of their local economies. Companies should not be allowed to discriminate and implement their own political views on industries, especially ones as vital and influential as energy. Oil is a very necessary piece of our worldwide infrastructure, so much so that attempting to replace it with extreme methods will not bear any fruit. Leaders of majority-conservative states need to adhere to a policy of lawfulness and keep companies in check when it comes to leveraging political power for personal gain.
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