One critic called the proposal, which describes green investment policies as a form of “energy discrimination,” a “desperate attempt by fossil fuel companies and their lobbyists to maintain their profits.”

By Kenny Stancil. Published 12-8-2021 by Common Dreams

Marathon Petroleum’s Los Angeles Refinery in Carson, California, Photo: Marathon Petroleum

Progressives are sounding the alarm about a recently launched right-wing campaign that seeks to preempt green investment policies throughout the United States by portraying the financial sector’s potential turn toward clean energy as discriminatory—and introducing legislation that would punish banks and asset managers for divesting from fossil fuels.

The Koch-funded American Legislative Exchange Council (ALEC), which consistently pumps out reactionary bills mostly for state-level Republicans, held its States and Nation Policy Summit last week in San Diego. Continue reading →