Posted on 04/13/2023 4:50:59 AM PDT by Oldeconomybuyer
LONDON (Reuters) - Britain's biggest asset manager, Legal & General Investment Management (LGIM), said on Thursday it would back a number of climate-focused shareholder resolutions at the annual meetings of leading U.S. and Canadian banks.
LGIM, insurer Legal & General's fund arm, which manages more than $1.5 trillion, said it was going public ahead of the banks' meetings as part of an escalation strategy after backing several climate votes last year.
"We continue to consider that decarbonisation of the banking sector and its clients is key to ensuring that the goals of the Paris Agreement are met," LGIM said in a statement, referring to the world's shared goal of capping global warming.
"Accordingly, we believe our support of many of these resolutions – depending always on the specifics of their drafting language and advisory or binding nature – is warranted."
LGIM said it would back proposals for a time-bound policy to phase out lending and underwriting for fossil fuel exploration and development at Citigroup, Bank of America, Wells Fargo, Goldman Sachs, JPMorgan Chase and Morgan Stanley.
(Excerpt) Read more at msn.com ...
Billions of taxpayer dollars worldwide are involved. And oh yes kickbacks as well (10% to Democrats amd liberal political campaigns worldwide).
“...phase out lending and underwriting for fossil fuel exploration...”
Eventually, they will phase out lending to gun manufactures, Christian organizations, or anyone who is a conservative.
The money changers will get their way for a while, until the eventual collapse, and then it’s going to be payback time.
NETZERO will push 2 Billion more people into STARVATION!
They have already created a global shortage of fossil fuel fertilizer. Now, they are pushing the price of diesel to levels unaffordable across the 3rd world.
L&G following Silicon Valley Bank into the ash heap. When banks get into politics, it is time to flee!
Head of JP Morgan Chase advocating the seizure of PRIVATE PROPERTY for ‘climate projects’.
I have had a Chase credit card for over 42 years. Balance is now low-—will pay it off & quit using it at all.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.