A left-wing organization, Unlocking America's Future, is actively campaigning against legislation in North Carolina that seeks to prevent banks from denying loans to farmers based on political or ESG criteria. The group has spent almost $30,000 on Facebook ads targeting the region. Republican sponsors argue that the legislation is meant to ensure lending decisions are based purely on creditworthiness. Unlocking America's Future is linked to several established left-wing groups and was created to support Biden's candidacy in the 2020 election, receiving significant funding for this effort.
Unlocking America's Future is running ads on Facebook targeting North Carolina and opposing legislation that would prevent banks from denying loans to farmers based on controversial environmental, social, and governance (ESG) metrics. The group has spent just shy of $30,000 on Facebook ads from early July to early August.
The legislation, its Republican sponsors say, would prevent farmers from being compelled to go along with a political agenda and ensure that lending remains 'based upon whether they have good credit or not but not based upon their ESG score.'
Unlocking America's Future is a trade name used by Climate Power, which was created in the lead-up to the 2020 election as a joint project of the Sierra Club, the American Progress Action Fund, and the League of Conservation Voters.
'Billionaires want to force banks to ignore financial risks, putting North Carolina's economic future at risk,' read the paid Facebook ads, which began in late May and have continued into August.
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