FIRST ON FOX— Republican Kentucky Lawyer Basic and gubernatorial candidate Daniel Cameron’s marketing campaign has acquired over $60,000 in PAC cash from firms supportive of ESG insurance policies, regardless of vowing to halt ESG-related spending within the state.
Cameron pledged that on “day one” as governor, he would pause environmental, social and governance spending (ESG) in state pension funds. The Lawyer Basic additionally inspired different gubernatorial candidates to take the pledge.
Nevertheless, between 2019-2023, Cameron acquired $60,750 in company PAC cash from firms like Capital One, J.P. Morgan, Citigroup and Amgen – all of which have revealed ESG and sustainability reviews, in line with election monetary reviews obtained by Fox Information Digital.
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Kentucky Lawyer Basic Daniel Cameron speaks throughout a press convention to announce a grand jury’s determination to indict certainly one of three Louisville Metro Police Division officers concerned within the capturing dying of Breonna Taylor on September 23, 2020, in Frankfort, Kentucky. (Jon Cherry/Getty Pictures)
The election finance reviews might be troublesome for Cameron, who’s operating on a platform towards ESG investing that he claims will destroy fossil gasoline industries. He’s at present dealing with a tricky battle for the Republican gubernatorial nomination towards former U.N. Ambassador Kelly Craft and Kentucky Agriculture Commissioner Ryan Quarles.
Craft’s marketing campaign has hammered Cameron over what it says was his function in not pushing for a West Virginia coal energy plant, which gives power to Kentuckians, to stay open, one thing Cameron has mentioned introduced no financial worth to Kentucky. Craft’s husband has, nonetheless, made his billion-dollar fortune from the coal trade.
Cameron claims that ESG investing, which vows to divest funds to battle local weather change and unfair labor practices, is “inconsistent with state legislation,” in line with a Might 2022 opinion issued in his official capability as lawyer common.
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Kentucky Agriculture Commissioner Ryan Quarles (left), Lawyer Basic Daniel Cameron (center) and former U.N. Ambassador Kelly Craft (proper) will face off within the Republican gubernatorial major on Tuesday, Might 16, 2023. (Getty/Reuters)
Within the opinion, Cameron wrote that “there may be an rising development amongst some funding administration corporations to make use of cash in public and state worker pension plans – that’s, different individuals’s cash – to push their very own political agendas and drive social change.”
Democratic Kentucky Governor Andy Beshear has additionally taken motion towards ESG initiatives, signing Senate Invoice 205 into legislation in April. The legislation requires authorities entities to “to divest from the listed monetary firm if it doesn’t stop its power firm boycott.”
The Bluegrass State depends closely on fossil fuels, with coal-fired energy vegetation supplying 71% of the state’s power in 2021. Kentucky can be the seventh-largest coal producer within the nation.
Democratic Kentucky Gov. Andy Beshear delivers his State of the Commonwealth speech in entrance of a joint session of the legislature from the ground of the Kentucky Home of Representatives, Jan. 4, 2023, in Frankfort, Ky. (AP Photograph/Timothy D. Easley, File)
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If Cameron succeeds within the Republican major, he would seemingly face Beshear, who is taken into account probably the most in style governors within the nation with one of many highest approval rankings, in line with polls.
Cameron’s marketing campaign didn’t reply to Fox Information Digital’s request for remark.
