The Honorable John F. Kerry
Special Presidential Envoy for Climate
United States Department of State
2201 C Street, Northwest
Washington, DC 20520

Dear Mr. Kerry:

We are writing today to express our deep concern with recent reports that you, and other members of the Biden Administration, are privately pressuring U.S. banks and financial institutions to refuse to lend to or invest in coal, oil, and natural gas companies, as part of a misguided strategy to eliminate the fossil fuel industry in our country.1 As members of the U.S. Senate Banking Committee have noted,2 these efforts to secure extralegal commitments from financial institutions will discriminate against law-abiding U.S. energy companies and their employees, impede economic growth, and drive up consumer costs. Read More...