July 23, 2024



Fifteen States Respond to ‘Woke Capitalism,’ Threaten to Cut Off Banks That Refuse to Service Coal, Oil Industries

Opera News – National Review

November 22, 2021

The coal-fired Robert W. Scherer Power Plant in Juliette, Ga., in 2017. (Chris Aluka Berry/Reuters)

A coalition of financial officers from 15 states sent a letter to the U.S. banking industry on Monday warning they plan to take “collective action” against banks that adopt corporate policies to cut off financing for the coal, oil, and natural gas industries.

The group threatens to scrutinize or potentially curtail future business with banks that adopt an “economic boycott” of those industries in a letter obtained exclusively by National Review.

Read more…