Treasurer McRae Challenges John Kerry, Biden Admin on Fossil Fuel Industry Attacks
“As a collective, we strongly oppose command-and-control economic policies that attempt to bend the free market to the political will of government officials,” the Treasurers wrote. “It is simply antithetical to our nation’s position as a democracy and a capitalist economy for the Executive Branch to bully corporations into curtailing legal activities.”
Cutting off lending to these industries, which are engaged in perfectly legal activities, would do substantial harm to Mississippi’s economy and could result in significant job losses. In their letter, the Treasurers committed themselves to closely monitoring which financial institutions bow to the Biden administration’s pressure campaign.
“As the chief financial officers of our respective states, we entrust banks and financial institutions with billions of our taxpayers’ dollars,” they wrote. “It is only logical that we will give significant weight to the fact that an institution engaged in tactics that will harm the people whose money they are handling before entering into or extending any contract.”
The full letter can be viewed here.