A while back I posted an article about the Big Three Investment firms and how they seem to be steering some of this DEI, ESG, and Climate Fear policies we see in the corporate world today.
I also mentioned how far and fast home owners insurance rates are rising due to the climate fear mongering. I fear how much the rest of the country is going to have to pay for California's total incompetence and mismanagement of their resources resulting in the massive losses from fire this year. Well, maybe there is hope.
- The Federal Reserve is withdrawing from the network of central banks and supervisors for greening the financial system, as announced on January 17, 2025.
- The Federal Reserve entered the NGFS in December 2020 to exchange ideas on environmental and climate risk management policies.
- The Federal Reserve stated it is leaving because the NGFS's scope has broadened beyond its statutory mandate.
- Fed Chair Jerome Powell emphasized that climate change policies are the responsibility of elected officials and not the Federal Reserve.
Federal Reserve says it will leave climate change organization
"Jan 9 (Reuters) - BlackRock (BLK.N), the world's biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers Initiative, the latest Wall Street firm to depart an environmentally focused investor group under pressure from Republican politicians.
BlackRock, which manages some $11.5 trillion, said that with two-thirds of its global clients committed to cutting emissions to net zero, it had made sense to join groups like the organization known as NZAMI."
BlackRock quits climate group as Wall Street lowers environmental profile
This is a bit disingenuous as Vanguard left in December 2022:
"Vanguard, one of the largest investment managers in the world, announced today that it is withdrawing from the Net Zero Asset Managers initiative (NZAM), a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions by 2050.
"In a statement announcing the withdrawal, Vanguard said that the decision was made in order to provide its investors with “clarity… about the role of index funds and about how we think about material risks, including climate-related risks—and to make clear that Vanguard speaks independently on matters of importance to our investors.”"
Vanguard Drops Out of Net Zero Asset Managers Initiative
🚨NZAM MEMBERS ARE LEAVING THE CLIMATE CARTEL🚨
— House Judiciary GOP 🇺🇸🇺🇸🇺🇸 (@JudiciaryGOP) January 24, 2025
Financial institutions in the Net Zero Asset Manager (NZAM) initiative collude to illegally impose their radical ESG goals.
After the Committee’s investigations exposing NZAM, let’s take a look at everyone who has decided to…
