SB 205: Kentucky Maintains List of Companies that Boycott Fossil Fuels
Summary
SB 205, enacted in April 2022, requires the Kentucky state treasurer to maintain and publish a list of financial companies that they believe are boycotting energy companies that deal in fossil fuels. Companies on the list are issued warnings and the state then creates a path for government entities to divest from said companies.
The law defines an "energy company boycott" to mean "without an ordinary business purpose, refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations with a company" because that company engages in the fossil fuel-based energy industry and does not commit to meet environmental standards or because the company does business with such a company.
Impacted Sectors
Additional Information
© 2025 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.