States' War on ESG Investing Could Hinge on Obscure KY Suit

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At issue in Kentucky is Attorney General Daniel Cameron’s accusation that a dozen financial companies are engaging in energy company “boycotts” that could harm oil, gas and coal companies in the state.

In response, the Kentucky Bankers Association in late-October filed suit against Cameron in a state court, which was later transferred to the U.S. District Court for the Eastern District of Kentucky. The association’s suit isn’t about ESG, per se, but argues the state treasurer, not the attorney general, can determine who might be engaging in an energy company boycott.