Democrats enlist banks in their war against American fossil fuels

 Daily Wire:

Led by West Virginia Treasurer Riley Moore, 16 Republican state financial officers have banded together to fight bank boycotts against the oil and coal industry.

“I’m proud to continue to stand with my colleagues against these attacks on our states’ coal, oil and natural gas industries,” Moore said. “These industries – which are engaged in perfectly legal activities – provide jobs, paychecks and benefits to thousands of hard-working families in our states and we will not stand idly by and allow our peoples’ livelihoods to be destroyed to advance a radical social agenda.”

In a letter to U.S. banking institutions, the financial officers announced that they would “be taking collective action in response to the ongoing and growing economic boycott of traditional energy production industries by U.S. financial institutions.”

The goal of the action would be to “protect our states’ economies, jobs, and energy independence from these unwarranted attacks on our critical industries.”

Fourteen Republican state treasurers signed on, including the treasures of Arizona, Arkansas, and Alabama. The Republican comptroller of Texas and Utah state auditor also signed on to the letter.

The letter specifically called out the Biden administration’s efforts to move toward the end of the coal and oil industries.

“The Biden Administration has resumed these attacks by attempting to ban energy exploration on public lands and reportedly pressuring U.S. banks and financial institutions to limit, encumber, or outright refuse financing for traditional energy production companies,” the financial officers wrote.

They also cited Biden’s plan to stop financing traditional energy projects internationally. The Republicans argued that this move aided “Chinese interests” and led the U.S to be dependent on other countries for energy.
...

The policy looks like a Democrat-sponsored violation of the anti-trust laws and collusion in restraint of trade of a legal product.  It is also a policy that endangers the US economy and national security.

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