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Staff Report
NORTH DAKOTA - North Dakota State Treasurer Thomas Beadle today announced he has joined a coalition of 15 State Treasurers to speak out against apparent attempts by President Joe Biden’s administration to pressure banks and other large financial institutions into divesting from coal, oil and natural gas companies.
“Over the last decade we have made tremendous strides in developing our oil and natural gas resources and North Dakota has played a huge role in helping America become energy independent. This is important not only to our economy, but to our national security as well.” said Beadle. “This past winter showed us how important coal power is to our baseload energy needs and how crucial this infrastructure is. Any efforts to restrict financing and investment in our energy industry are severely misguided.”
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