Kentucky lists BlackRock, Citi, JPMorgan as energy boycotters

Pursuant to Kentucky Revised Statute Section 41.474, the Kentucky State Treasurer is authorized to prepare and maintain a list of financial institutions engaging in an "energy company boycott," as defined in Kentucky Revised Statute Section 41.472(1)(c). Financial institutions included on the list are referred to herein as "Restricted Financial Institutions." Within 30 days of a state governmental entity receiving notice of this list, the state governmental entity shall: notify the Treasurer of the Restricted Financial Institution in which the state governmental entity owns direct or indirect holdings; and send a written notice to the Restricted Financial Institution pursuant to Kentucky Revised Statute Section 41.474 (3)(a). Within 90 days of a Restricted Financial Institution’s receipt of notice under Kentucky Revised Statute Section 41.474 (3)(a), the financial institution must cease engaging in the energy company boycott to avoid becoming subject to divestment. The State Treasurer shall, at a minimum, update this list on a per annum basis. BLACKROCK (BLK), BNP PARIBAS (BNPQY), CITI GROUP (C), CLIMATE FIRST BANK, DANKSE BANK (DNKEY), HSBC (HSBC), JPMORGAN CHASE & CO. (JPM), NORDEA BANK ABP (NRDBY), SCHRODERS(SHNWF), SVENSKA HANDELSBANKEN (SVNLY), SWEDBANK (SWDBY). Reference Link