Kentucky State Treasurer Allison Ball’s office announced on Tuesday the names of the 11 firms, which include behemoths such as BlackRock, Citigroup, HSBC, and JPMorgan. The news was disseminated in a notice to all state government entities, which must notify Ball within 30 days whether they are conducting business with the listed firms.
The move follows similar ones from states such as West Virginia and Texas, which have been at the forefront of pushing back on corporate environmental, social, and governance initiatives. Ball, noting the strong coal and fossil fuel industries in the state, said she has been talking to constituents a lot more about ESG over the past several months and that the topic seems to be resonating with them.
Acting in your self interest is a good thing
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