KY Considers Divesting From Woke ESG Firms

As the Federal Reserve announces a rate change, traders work on the floor at the New York Stock Exchange in New York, Wednesday, June 15, 2022. The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.

At a glance

  • Kentucky’s state treasurer is putting financial firms that boycott energy companies on notice, declaring the state will divest from the firms unless they reverse those policies.
  • Treasurer Allison Ball (R.) on Tuesday published a list of 11 firms that boycott energy companies.
  • Those firms will have 90 days after receiving notice of their presence on the list to end the boycotts, or the state will direct its government entities to divest holdings from the firms, according to Ball’s announcement.

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