North Carolina Farmers Protection Act prohibits banks from discriminating against farmers based on ESG commitments.
The North Carolina Farmers Protection Act aims to prevent banks from discriminating against agriculture producers based on their environmental, social, or governance commitments. It prohibits banks from denying or canceling services to farmers due to their greenhouse gas emissions, use of fossil-fuel derived fertilizer, or use of fossil-fuel powered machinery. If a bank has made any ESG commitment related to agriculture, there is a rebuttable presumption that the bank's denial or restriction of a service to an agriculture producer violates this section.
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