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Kentucky treasurer says 11 banks subject to divestment due to energy company ‘boycotts’

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Kentucky treasurer says 11 banks subject to divestment due to energy company ‘boycotts’


Kentucky State Treasurer Allison Ball threatened to divest from 11 banks which have “boycotted” vitality firms in press launch revealed Tuesday.

The Kentucky Basic Meeting handed a invoice final 12 months that directed the state treasurer to yearly publish an inventory of economic firms that have interaction in vitality “boycotts.” Based on the press launch, banks who proceed to keep away from vitality firms will likely be topic to divestment from the state.

“When firms boycott fossil fuels, they deliberately choke off the lifeblood of capital to Kentucky’s signature industries,” Ball mentioned within the launch. “Conventional vitality sources gas our Kentucky economic system, present a lot wanted jobs, and heat our properties. Kentucky should not permit our signature industries to be irreparably broken based mostly upon the ideological whims of a choose few.”

The vitality sector represents 7.8 p.c of whole Kentucky state employment, in response to the press launch. The launched added that the vitality {industry} accounts for 94.5% of Kentucky’s electrical energy technology, which heats greater than half of Kentucky properties, “whereas boasting the twelfth lowest common electrical energy costs within the nation.”

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Inside 30 days of this record being revealed, state businesses should notify the treasury if they’ve oblique or direct holdings in any of those establishments, and ship a discover to these establishments. The businesses will then have 90 days to finish their “boycott” of vitality firms, or they danger being divested from.

“Kentucky is a coal, oil, and fuel producing state,” Ball mentioned in an interview with FOX Enterprise. “Our vitality sector helps energy America. Kentucky refuses to fund the ideological boycotts of our personal fossil gas {industry} with the hard-earned taxes and pensions of Kentucky residents.”

The record of 11 banks accused of “boycotting” vitality firms included Citigroup Inc, JPMorgan Chase & Co and BlackRock Inc. Citigroup and JPMorgan Chase & Co are every members of the Web-Zero Banking Alliance, which is an industry-led, U.N.-convened group of banks which can be “dedicated to aligning their lending and funding portfolios with net-zero emissions by 2050.”

In 2022, different Republican-led states together with Texas and West Virginia introduced comparable pledges to punish banking establishments that don’t have interaction with vitality firms.

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Kentucky

Kentucky Football lands 3-star offensive tackle

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Kentucky Football lands 3-star offensive tackle


LEXINGTON, Ky. (WYMT) – Kentucky football continues to add to an impressive 2025 recruiting class. Jermiel Atkins, a 3-star offensive tackle, verbally committed to the Wildcats on Thursday.

Atkins announced his verbal commitment on his personal Instagram.

The Dayton, Ohio native listed as 6 foot 8 inches, 290 pounds chose Kentucky over offers from Virginia Tech, Arizona State, Eastern Kentucky, and others.

Atkins’ verbal commitment comes one day after the Wildcats added 4-star defensive lineman, Kalen Edwards.

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Kentucky football’s 2025 recruiting class now ranks 16th in the nation and 8th in the Southeastern Conference, according to 247Sports.



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Kentucky basketball’s best player off the bench might surprise fans

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Kentucky basketball’s best player off the bench might surprise fans


Kentucky fans already are excited about players like Andrew Carr, Koby Brea, Jaxson Robinson, Otega Oweh, Lamont Butler, and Amari Williams but one name that isn’t discussed all that much but should is Ansley Almonor.

Last season at Fairleigh Dickinson, Almonor averaged 16.4 points, 5.1 rebounds, and 1.7 assists per game. Almonor was the 44th best three-point shooter in all of college basketball last season as he went 93 of 236 for a percentage of 39.4 from deep.

He is only 6’7 but has played center and power forward during his entire college basketball career, so he is used to being undersized at his position.

Almonor will likely come off the bench for Carr, and these two players do a lot of the same things. Almonor is just in a smaller frame than Carr. There is a world where Almonor is the Wildcat’s best player off the bench this season, thanks to his shooting and ability to help on the glass.

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Almonor will come in the game for the Wildcats and immediately become a mismatch for any defender on the floor. If Almonor has a season where he shoots the ball well, passes to open players for shots, and helps on the glass, he will be a massive part of why this team has a solid season and goes on a run in March.

Kentucky Athletics sent out this quote from Coach Pope about Almonor, “Ansley is one of the best shooting mid-major bigs out there, and he is a tremendous mover without the basketball. He’s a fearless competitor with great leadership qualities. Ansley is a finance major who comes from an unbelievable family from Haiti. He’s a great addition to this roster as a veteran presence with a lot of college basketball under his belt.”



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Kentucky’s process for purging voter rolls challenged in federal court; Adams fights back – NKyTribune

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Kentucky’s process for purging voter rolls challenged in federal court; Adams fights back – NKyTribune


The outside of the Sugar Maple Square polling site in Bowling Green, May 21, 2024. (Photo by Austin Anthony, Kentucky Lantern)

By McKenna Horsley
Kentucky Lantern

A grassroots advocacy group has filed a lawsuit against Kentucky election officials alleging the state’s process for removing voters from rolls violates federally protected voting rights. 

The state’s top election official responded that undoing the law during a presidential election year would “sow chaos and doubt.” 

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Kentuckians For The Commonwealth (KFTC) filed the lawsuit last week in the U.S. District Court for the Western District of Kentucky against Republican Secretary of State Michael Adams and the State Board of Elections, which includes Republican and Democratic members. 

Secretary of State Michael Adams (Photo from Kentucky Today)

The complaint alleges that Kentucky’s election law, which was changed in response to the coronavirus pandemic and became permanent in 2021, violates the National Voter Registration Act of 1993. KFTC says the federal act requires registered voters who have moved to receive notice in writing to confirm their address and have time to respond before they are removed from voter rolls. Kentucky’s law “flagrantly violates these requirements,” KFTC argues, by not giving voters notice before removal. 

Adams issued a statement Tuesday saying he plans to defend the law in court. The 2021 changes, known as House Bill 574, were signed into law by Democratic Gov. Andy Beshear. 

“Kentucky’s elections are a national success story,” Adams said. “Three years ago, Kentucky enacted a bipartisan law to prevent voting in more than one state in a presidential election. Now that a presidential election is underway, a fringe left-wing activist group is trying to undo that law and sow chaos and doubt in our elections. We believe voters should vote in only one state, and we expect to prevail in court.”

In addition to the removal process, the 2021 state law also has provisions for no-excuse in-person early voting and updates to regulations for absentee ballots. 

The secretary of state also said that 4,362 individuals had been removed from the voter rolls in June. Of that group, 3,030 were deceased, 603 were convicted of felonies, 554 had moved out of the state, 78 voluntarily deregistered, 52 were duplicate registrations and 45 were adjudged mentally incompetent.

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KFTC is asking the court to permanently enjoin election officials from canceling voter registrations without following provisions required by federal law. 

The group’s lawsuit also says it registered more than 2,000 new voters during last year’s governor’s race and plans to “directly register even more prospective voters due to the presidential race.” 

KFTC will hire 15 people across the state for this year’s voter registration program, which includes field training and webinars. 

Founded in 1981, KFTC’s mission is to “challenge and change unfair political, economic and social systems by working for a new balance of power and a just society.”

Read Kentuckians for the Commonwealth v. Michael Adams

Kentucky Lantern is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. Kentucky Lantern maintains editorial independence. Contact Editor Jamie Lucke for questions: info@kentuckylantern.com.

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