Kentucky officials threatened to divest the state from 11 financial institutions on Tuesday over what it deemed to be climate-conscious investing practices. Targeted firms include BlackRock, JPMorgan Chase, and Citigroup, all of which have publicly pledged to incorporate pro-environment principals into their financial strategies.
Such policies, Kentucky State Treasurer Allison Ball said in a press release, "boycott fossil fuels" and "intentionally choke off the lifeblood of capital to Kentucky's signature industries." The announcement follows a state bill passed last year directing her office to publish an annual list of financial institutions involved in a so-called "energy company boycott."
