Wall Street’s Biggest Names Are Backing Off Their Climate CommitmentsPosted: December 10, 2022 Filed under: Climate Change | Tags: Climate Change, Climate Crisis™️, ESG, Wall Street 1 Comment
Go woke, go broke.
Corporations, slowly beginning to realise that slavish adherence to ClimateChange™️ ideology will cripple their own interests, too.
It’s the irreparable damage being done to the poor and middle class–who fund it all–that is of actual concern, IMO.
How long the MainstreamMedia™️ continues their “climate crisis” fantasy/narrative is where the rubber meets the road. It is *all* in their hands, unfortunately.
Crazy world of climate finance [image credit: renewableenergyfocus.com]
Finance giants don’t like hefty fines for exaggerating their supposed climate virtues, or law suits for not acting in the best interests of their clients. Solution: leave their net-zero climate club.
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Vanguard, the world’s second-largest asset manager, announced that it is resigning from a global net-zero initiative.
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Shortly before COP26, last year’s United Nations climate conference in Glasgow, financial institutions were rushing to announce their climate commitments, says Grist (via Gizmodo).
The conference’s leadership and Mark Carney, a special envoy appointed by the United Nations to push private finance to invest in climate solutions, announced the creation of the Glasgow Financial Alliance for Net-Zero, or GFANZ.
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