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Banks’ Climate Pledges Would Downgrade Non-Woke Businesses to 2nd-Tier Economy, Experts Say
The Epoch Times ^ | 05/19/2021 | Petr Svab

Posted on 05/20/2021 8:34:52 AM PDT by tbw2

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1 posted on 05/20/2021 8:34:52 AM PDT by tbw2
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To: tbw2

Cancel Culture................. aptly named...............


2 posted on 05/20/2021 8:35:48 AM PDT by Red Badger (Jesus said there is no marriage in Heaven. That's why they call it Heaven.....................)
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To: tbw2

The agenda is being pushed by many of the biggest names in finance, including major banks, investment houses, and wealth managers. If successful, the financial institutions’ agenda would create a two-tiered economy, with the “woke” class slated for preferential treatment and dissenters relegated to picking up the scraps, the experts said.

“Woke” in this sense refers to a set of progressive views that have dominated establishment circles in government, academia, and the corporate world.

The companies are promising they will give preferential treatment to clients that run their operations in a “sustainable” manner. That means clients will have to implement policies that, in the banks’ view, reduce carbon emissions or promote a number of other goals, such as “gender equality” and “racial equity.” Clients that don’t support carbon reductions should face penalties such as “exclusion” and “divestment,” according to the guidelines of the United Nations-backed Net-Zero Banking Alliance, which counts dozens of major banks among its members.

“Notice that this consortium of banks and asset management firms, the largest in the world, aims ‘to boost private clean-tech finance and press polluting industries that use their services to cut emissions.’ That is, they will use their financial power to squeeze non-compliant producers out of existence by virtue of directing investments toward favored reset partners,” he said in an email, referring to the “Great Reset” toward “a fairer, greener future” proposed by the World Economic Forum (WEF) and its head, Klaus Schwab.

While the financiers may not be able to completely eliminate non-compliant businesses, “the planners are creating a two-tiered system, with preferred producers/distributors on top and the non-woke producers/distributors beneath them,” he said.

Despite the complaints about crony capitalism today, “the Great Reset, social responsibility, and stakeholder models [currently advocated by many large corporations] run the risk of getting us even more cronyism than we have now,” he said.


3 posted on 05/20/2021 8:37:40 AM PDT by tbw2
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To: tbw2

War by other means.


4 posted on 05/20/2021 8:41:22 AM PDT by taxcontrol (You are entitled to your opinion, no matter how wrong it is.)
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To: tbw2; 100American; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ...

Banksters promoting woke-ism and the Great Xi-Set. Find a credit union instead.

PING!


5 posted on 05/20/2021 8:41:25 AM PDT by Tolerance Sucks Rocks (Florida: America's new free zone.)
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To: tbw2; 100American; 11B40; A Balrog of Morgoth; A message; ACelt; Aeronaut; AFPhys; AlexW; alrea; ...
Banksters "going green!"

Global Warming PING!

6 posted on 05/20/2021 8:42:16 AM PDT by Tolerance Sucks Rocks (Florida: America's new free zone.)
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To: tbw2

“The agenda is being pushed by many of the biggest names in finance, including major banks, investment houses, and wealth managers.”

Banks and finance institutions require government licenses to operate. Threaten those, and you can make them do anything. Mostly, it isn’t the people running finance that want this crazy greenness; it’s government.


7 posted on 05/20/2021 8:42:55 AM PDT by Gen.Blather (Wait! I said that out loud? )
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To: tbw2

Time—perhaps past time—to break up the banks.


8 posted on 05/20/2021 8:47:19 AM PDT by Petrosius
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To: tbw2

But what about cpanies that “go green”, whatever the hell that means, but don’t promote gender equality and race equity, whatever the hell those mean? Or vice versa


9 posted on 05/20/2021 8:49:11 AM PDT by Impala64ssa (Virtue signalling is no virtue)
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To: Gen.Blather

>> Mostly, it isn’t the people running finance that want this crazy greenness; it’s SOCIALIST DEMOCRATS


10 posted on 05/20/2021 8:50:02 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: tbw2
“This financial stranglehold over industries will consolidate the economic status of favored producers and strengthen their monopolization over production and distribution,” Rectenwald said. “The measures will also trickle down to the consumption of end-users, whose carbon emissions will be reduced by default. They won’t have any say about driving gasoline-powered vehicles, because such vehicles will not be produced and gasoline will no longer be available.

“The objective is to curtail the mobility and consumption of the vast majority and reduce them to captives of the Great Reset agenda.”

There won't be "captives" to the "Great Reset agenda" ... we will all be slaves owned by the Government. Doing what we're told, when we're told, how we're told.

That is unless there isn't major upheaval and resistance.

11 posted on 05/20/2021 8:53:13 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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Fairness means people who contribute net negative to society like democrats or palistinians are entitled to the labor of those that strive to improve the world. In other words slavery of the productive results in the poverty of everyone except the ruling class


12 posted on 05/20/2021 8:58:38 AM PDT by dsrtsage
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To: tbw2

Blackmail ?


13 posted on 05/20/2021 9:00:59 AM PDT by butlerweave
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To: tbw2

This is the same mentality that gave us the subprime loan crisis:

If a black person who does not qualify for a loan does not get the loan, it is racism.

If a black person who does not qualify for a loan does get the loan, it is predatory lending when they aren’t able to pay it back.


14 posted on 05/20/2021 9:09:32 AM PDT by E. Pluribus Unum (Biology is science. Homemade pronouns are narcissism.)
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To: butlerweave

Extortion.


15 posted on 05/20/2021 9:10:36 AM PDT by FreeperCell
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To: tbw2

Sue them.


16 posted on 05/20/2021 9:11:29 AM PDT by Vision (Elections are one day. Reject "Chicago" vote harvesting. Election Reform Now. Obama is an evildoer.)
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To: tbw2
(from the article):" Clients that don’t support carbon reductions should face penalties such as “exclusion” and “divestment,”
according to the guidelines of the United Nations-backed Net-Zero Banking Alliance "

Now, do we need another reason to get the United Nations out of the USA,
or to get the USA out of the United Nations ?
World control by the self-appointed elites !

17 posted on 05/20/2021 9:33:35 AM PDT by Tilted Irish Kilt
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To: Tolerance Sucks Rocks; All

I was JUST going to suggest a Credit Union...at least for now. Or we can just give all of our cash to Jim Robinson for safe keeping. ;)

However, since they ARE member owned and beholding to no one but we pool of users, this kind of cr@p will be harder to get passed.

If you can find one that supports local Agriculture, all the better! Avoid the ones associated with Universities, of course; they’ll be the first domino to fall when The Woke Police come their way. :(

https://www.culookup.com/


18 posted on 05/20/2021 1:15:47 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: Diana in Wisconsin

Thanks!


19 posted on 05/20/2021 1:55:55 PM PDT by Tolerance Sucks Rocks (Florida: America's new free zone.)
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To: Tolerance Sucks Rocks

You’re Welcome. My credit union rocks, and was super helpful in refinancing my farm when I kicked my loser ex-huz to the curb.

So, they’re aces in my book. :)


20 posted on 05/20/2021 1:59:42 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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