Addressing the threat of ESG on NC farming
HB 62 prohibits banks from denying or canceling financial services to a farmer based on ESG ratings, so they emphasize a farmer’s credit score, not his carbon score.
NC should limit public pensions using ESG criteria in their investment decisions, deny new contracts between state entities and financial institutions that use ESG criteria, and lobby Congress for federal reforms limiting ESG’s impact.
This summer, West Virginia State Treasurer Riley Moore published a list of five financial institutions that he has deemed ineligible for state banking contracts due to their environmental and social activism. The list includes Blackrock, Wells Fargo, JP Morgan Chase, Morgan Stanley, and Goldman Sachs. And North Carolina State Treasurer Dale Folwell said he supports...