Energy & Water
What is happening? The ALEC legislation states ” “Banks are increasingly denying financing to creditworthy fossil energy companies solely for the purpose of decarbonizing their lending portfolios and marketing their environmental credentials.”
Why is this important? So far in 2022, West Virginia, Oklahoma, Louisiana, and Indiana have all introduced ALEC’s legislation.
How will this be important? This may be like cigarette companies arguing against advertising bans as the health and safety issues can be viewed as analogous.
ALEC | Setting the Record Straight: The Energy Discrimination Elimination Act
Clean Technica | ALEC Sponsors Laws That Punish Corporations For Fossil Fuel Boycotts
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