Wall Street Does Damage Control After GOP Targets Woke Capital's War on Fossil Fuel
Big banks that use their vast financial assets to oppose the fossil fuel industry in the name of reducing climate change are doing damage control as state treasurers and lawmakers take action against woke environmental, social and governance (ESG) investing.
By taking environmental concerns into account in their investment decisions, large financial firms such as BlackRock, Goldman Sachs, JPMorgan, Wells Fargo and Morgan Stanley are operating what some policy experts, GOP lawmakers, and state treasurers say is an effective boycott of the fossil fuel industry.
Republican state treasurers have taken note of this practice, and many are pushing back. In July, West Virginia State Treasurer Riley Moore blocked five major financial firms from doing business in the state. (RELATED: ‘Complete Collapse’: Here’s How ESG Destroyed One Nation’...
“Pursuant to West Virginia Code §§12 1C 1, et seq., the West Virginia State Treasurer is authorized to prepare and maintain a list of financial institutions engaged in a ‘boycott of energy companies,'” Moore said at the time.
In January, Moore announced that West Virginia’s Board of Treasury Investments would no longer use BlackRock investment funds in its banking transactions, saying CEO Larry Fink undermined the fossil fuel industry “under the guise of helping the planet.”
“This is how we’re gonna win in the fight against ESG, is pushing back and standing up and fighting like this,” Moore told the Daily Caller.
West Virginia’s actions did enjoy some success. U.S. Bank, which Moore claims originally had policies that penalized the fossil fuel industry, did not make the list of banned financial institutions after demonstrating to the state that they had eliminated said policies.
“They actually changed their policy. That’s the big win,” Moore told the Caller.
Read the full article at the following weblink:
https://dailycaller.com/2022/08/12/wall-street-damage-control-gop-w...
David Bahnsen: Marxist Economic Philosophy ‘Deteriorates Freedom’
David Bahnsen, chief investment officer at The Bahnsen Group, and former Morgan Stanley director, spoke with Breitbart News about how the Marxist economic worldview that is prevalent across American financial institutions today “deteriorates freedom.”
Please read the full piece at the following weblink:
https://www.breitbart.com/podcast/2022/08/15/exclusive-david-bahnse...
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Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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