A Powerful Campaign Against Woke Capitalism Is Unfolding Quietly In State Treasurer Races
Federalist Radio Hour
Radio America
4.5 • 3.3K Ratings
🗓️ 17 December 2021
⏱️ 38 minutes
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| 0:00.0 | Hello, I'm Celero, radio hour. My name is Tristan Justice and I'm the Western Correspondent |
| 0:20.8 | for the Federalist. You're joining me today as West Virginia State Treasury, rather |
| 0:24.8 | more treasure, how are you doing? I'm doing great. Thanks for having me on Tristan. So I wanted |
| 0:30.6 | to talk about this recent coalition you launched last month. You joined with 15 states to send |
| 0:35.9 | the letter to the baking industry, threatening to strip $600 billion in assets, state assets, |
| 0:41.1 | park them elsewhere, if institutions pledge to refuse investment and fossil fuels. Tell me |
| 0:46.3 | about this coalition. Yes, so this was something that came to my attention is I took off for |
| 0:55.1 | this in the beginning of this year where I had coal producers and gas producers in my state of |
| 1:02.3 | West Virginia come to me and say, look, we are hearing from our banks that we're going to |
| 1:07.9 | potentially lose access to capital, which is quite alarming for us for a big extraction industry |
| 1:17.2 | state, we're an energy state. So I started looking more into it and then I saw the US Senate |
| 1:24.4 | kind of caught on to it and it turned out there are a number of coercive measures going on and |
| 1:30.7 | continue to go on by John Kerry and the Biden administration putting pressure on banks to |
| 1:36.0 | invest from the fossil fuel industry, which is coal gas and oil. And so I put a coalition together |
| 1:44.5 | after talking to various energy companies and states of state treasures to put out a letter as a |
| 1:50.3 | warning first to say, look, if you continue to go down this path, we're likely not going to be |
| 1:57.1 | able to continue to do business with you. Well, we didn't get any real reaction from them or |
| 2:04.0 | correction in their behavior. I got a lot of foias, but no reaction. And so that was a precursor |
| 2:16.1 | to give them a heads up that action is coming and that's when we took action this most recent |
| 2:20.3 | letter that we released just a few weeks ago with this coalition of 15 states. You mentioned $600 |
| 2:27.1 | billion. We're the vast assets under management in between all of us and going forward. If you're |
| 2:36.3 | going to boycott the fossil fuel industry, you are not going to be eligible for contracts with the |
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