Commonwealth Policy Center
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Attorney General Daniel Cameron is fighting the ESG movement. ESG stands for Environmental Social Governance, and it’s a standard that rates a business based on numerous criteria, including the impact the business has on the environment. The ESG movement has led banks to refuse to invest in businesses with low ESG scores. As a result, banks are refusing to give loans and do business with coal companies because of their potential to hurt the environment. For a state like Kentucky, which is the 7th largest coal-producing state in the nation, adopting ESG standards would be detrimental to the coal industry and our economy. While we should care about the environment and be good stewards of it, we should find a way to care for it that doesn’t involve destroying the a portion of our economy.