West Virginia Treasurer Riley Moore today applauded Kentucky State Treasurer Allison Ball and lawmakers in that state for their recent passage of Senate Bill 205, which would authorize the Kentucky State Treasurer to identify firms engaged in boycotts of energy industries and require state agencies to divest from or stop doing business with them.
“With the signing of Senate Bill 205 into law, Kentucky joins our growing coalition of states that have taken concrete steps to push back against the woke capitalists who are trying to destroy our energy industries,” Treasurer Moore said.
“When we started organizing last year against these attacks on our critical industries, Treasurer Ball was one of the first to step up and join our coalition to protect the coal, oil and natural gas jobs in our states,” Treasurer Moore said. “She understands the importance of taking collective action among our states to push back against these radical, un-American attempts to cut off capital and financing for our energy industries.”
Kentucky’s Senate Bill 205 was signed into law April 8. A similar bill introduced by Treasurer Moore became law in West Virginia in March.
“While the Biden administration seems determined on destroying America’s energy security and independence, states like West Virginia and Kentucky are leading the way to fight back,” Treasurer Moore said. “We hope more states will join our cause and pass similar laws so we can return to putting America first as the world’s leading energy superpower.”
Since last May, Treasurer Moore has been leading national efforts to push back against attempts by President Biden and his allies to diminish access to capital for fossil fuel companies. In November, Treasurer Moore announced a 15-state coalition of state Treasurers and financial officers who have committed to reforming their state banking contract process to potentially limit business with banks that are engaged in boycotts of coal, oil and natural gas companies.