There’s a chance that they won’t because of ESG and PR concerns,
And the flipside: when does the howling start about “discriminating against white people”? “Affirmative action” has been a boogyman for years.
Fifteen States Respond to ‘Woke Capitalism,’ Threaten to Cut Off Banks That Refuse to Service Coal, Oil Industries
The group of state treasurers, auditors and comptrollers from West Virginia, Arizona, Arkansas, Idaho, Louisiana, Missouri, Nebraska, North Dakota, South Carolina, South Dakota, Utah, Wyoming, Alabama, Texas and Kentucky say they have a “compelling government interest” to eleven major financial institutions that “are not engaged in tactics to harm the very people whose money they are handling.”
JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Goldman Sachs were among the recipients.
Bank of America Shareholders Band Together Against Company’s ‘Woke’ Practices
Members of a group called The Boardroom Initiative issued a shareholder proposal that rebuked some of Bank of America’s “wokeness,” and though the proposal was shot down, members of the group remained upbeat.
Some have been pointing at this new category of risk for corporations for a while now. Not a risk from corrupt business practices or repressive, corrupt, foreign governments, but for crossing the Shinyland thought police.