Last week, 15 state financial officers sent a letter to US banks warning them of $600 billion in assets they pledge to take elsewhere if the financial institutions adopt woke corporate policies and no longer provide financing to the fossil fuel industry.
It is amazing how many intelligent wokety woke woke jackasses don’t understand that the fossil fuel industry is the life’s blood of not only our economy but our lifestyle. It’s not just heating oil in the winter and gasoline for our cars. Everything that is made out of plastic, which is nearly everything, is made from oil.
West Virginia Republican Treasurer Riley Moore led the group that 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,” the letter stated. “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.”
The state officials who signed the letter just put banks on notice that they are fighting back. The fossil fuel industry has done nothing to warrant woke actions against it. America put up with the leftist whackos for years griping about “Big Oil” to the point where it became an eye roll whenever you came across a group of protesters who complained about the industry and are ignorant of the fact that the smartphones and tablets and computers they use to post anti-fossil fuel industry forum posts and letters to start boycotts are made from the very oil they want to get rid of.
The letter was signed by chief financial officers from the following states:
Alabama, Arizona, Arkansas, Idaho, Kentucky, Louisiana, Missouri, Nebraska, North Dakota, South Carolina, South Dakota, Texas, Utah, West Virginia, and Wyoming.
“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,” he added.
When Moore was asked why more states didn’t sign on to the letter, he responded by pointing out it was a reaction of standard hesitancy. There are 21 Republican financial offices and they appear to be timid as always.
“I do believe there are going to be more states that are going to join this coalition effort. I think they want to see a little bit of how this plays out,” Moore said. “How long are we just going to take it in the face and not do anything?”
If you don’t think the Biden administration is coaxing the banks to be more woke against the fossil fuel industry in favor of their Green New Deal policies, then I have a beautiful unicorn I would love to sell you.
On the campaign trail, Joe Biden told people at campaign stops that he was going to end fracking and the fossil fuel industry. After being called out on it, he then spent the rest of his time trying to convince Americans that he never said it, but there is YouTube and other outlets that have the videos to prove he said it. Most people thought his pledges were so out there, they didn’t really take it seriously. No sane politician would threaten an entire nation’s economy and lifestyle that way. But here we are. He is trying to destroy the fossil fuel industry even before any worthless alternative energy systems are in place. Biden is a madman.
So far, he ended federal leasing for oil, which was deemed illegal by a court. He ended construction of the Keystone Pipeline. The Trump administration went to great lengths to make the US energy independent. We became the largest exporter of oil in the world.
Thanks to Joe Biden, the American people are feeling the pain at the gas pump. He doesn’t care.
“We can’t get capital because they’re putting so much pressure on banks not to lend to us in the name of climate change,” Kathleen Sgamma, president of the Denver-based industry trade group Western Energy Alliance said.
The signers of the letter made an important point that taxpayers will not tolerate public funds being managed by financial institutions that are set to destroy our economy and the health of Americans, all in the name of climate change.
“We have a compelling government interest, when acting as participants in the financial services market on behalf of our respective states, to select financial institutions that are not engaged in tactics to harm the very people whose money they are handling,” they wrote. “Any financial institution that has adopted policies aimed at diminishing a large portion of our states’ revenue has a major conflict of interest against holding, maintaining, or managing those funds.”
I hope more states join in on this. Hopefully, the threat of lost revenues to the banks will still outweigh their wokeness. If not, then it’s time for a national divorce from the progressives because we can’t let them destroy our lives.