A coalition of states are pushing back against the growing trend of “woke” banks.
A group of 15 states released an open letter threatening to boycott banks that divest from traditional energy sources. Some banks have received pressure to divest from oil and gas, but many states’ residents rely heavily on those industries for their economy and state funding for education, among other things. “As the chief financial officers of our states, we have a fiduciary duty to act in the best interest of our people – so if a company says it will engage in tactics to diminish our […]
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