Posted on 12/20/2021 12:10:29 PM PST by bitt
Fifteen state financial officers sent a letter to U.S. banks last week noting $600 billion in assets they pledge to take elsewhere if the financial institutions embrace corporate wokeism and prohibit financing to the fossil fuel industry.
Led by West Virginia Republican Treasurer Riley Moore, the group promised “collective action” in the form of an “economic boycott.”
“Just as each state represented in this letter is unique in its governing laws and economy, our actions will take different forms,” they wrote in the letter obtained by The Federalist. “However, the overarching objective of our actions will be the same – to protect our states’ economies, jobs, and energy independence from these unwarranted attacks on our critical industries.”
Signatories to the letter putting banks on notice include chief financial officers from Arizona, Arkansas, Idaho, Louisiana, Missouri, Nebraska, North Dakota, South Carolina, South Dakota, Utah, Wyoming, Alabama, Texas and Kentucky, in addition to West Virginia.
“How can we as states get dollars from severance taxes and then park it in banks that are at the same time trying to diminish those dollars by trying to boycott our industries?” Moore said in an interview with The Federalist. “This is just more of the same from these woke capitalists, globalist interests out there when it’s them trying to dictate to us the way we need to live our lives.”
Asked why more states haven’t joined the letter, considering at least 22 state financial offices are run by Republicans, Moore said it was a consequence of standard hesitancy.
(Excerpt) Read more at thefederalist.com ...
Good grief. Why won’t Florida join up? Has the tourism industry got such a grip on the government that they can’t even make this move to indirectly support energy exploration?
I’m genuinely curious, not derisive here. Since I just moved here, I’m sure that on this forum, I can get a much better explanation of the political forces in motion here than I am imagining.
Good.
No sign of Georgia again. Kemp, Carr, Ralston and company have to go!
I think NM and CA are lost causes for this concerted state action re. banking. KS seems to me as an outsider to like dem some RINOs when it comes to statewide elections. NM is completely Dem dominated.
They would dominate the UN, they would dominate with their currency being the world's reserve and countless other ways.
We think China is bad for the world now...it would be orders of magnitude worse if the U.S. split up.
Yup - reinforce the 10th amendment HARDCORE
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