“Climate bank”? Dear Lord.
Investing in a hoax or lie and losing all my hard earned meager savings has been a lifelong dream. I bet that is why I cannot answer my phone ……
Use the student loan loot.
with links to relevant articles. this needs to be spread far and wide. never been a better time to exploit the situation and end the climate scam:
13 March: ClimateDepot: Marc Morano: Bank of England Downgrades Net Zero & Will Cut Spending for its Work on Climate Change – Shift ‘to focus on core areas’
Bloomberg: Cost pressures prompt central bank to focus on core areas... Climate programs will slip lower on the central bank’s agenda so officials can focus more on the core operations such as financial stability, markets and a digital currency, according to a person with knowledge of the situation who asked not to be named. The BOE’s climate work currently focuses on building ESG disclosure guidelines, preparing insurers for risks from rising global temperatures and getting banks to carbon-test their balance sheets...
https://www.climatedepot.com/2023/03/13/bank-of-england-downgrades-net-zero-will-cut-spending-for-its-work-on-climate-change-shift-to-focus-on-core-areas/
with links to relevant articles. this needs to be spread far and wide. never been a better time to exploit the situation and end the climate scam:
13 March: ClimateDepot: Marc Morano: Bank of England Downgrades Net Zero & Will Cut Spending for its Work on Climate Change – Shift ‘to focus on core areas’
Bloomberg: Cost pressures prompt central bank to focus on core areas... Climate programs will slip lower on the central bank’s agenda so officials can focus more on the core operations such as financial stability, markets and a digital currency, according to a person with knowledge of the situation who asked not to be named. The BOE’s climate work currently focuses on building ESG disclosure guidelines, preparing insurers for risks from rising global temperatures and getting banks to carbon-test their balance sheets...
https://www.climatedepot.com/2023/03/13/bank-of-england-downgrades-net-zero-will-cut-spending-for-its-work-on-climate-change-shift-to-focus-on-core-areas/
Another democrat laundry machine down
“carbon-removal technology”
What kind of insane thinking is this? Do they honestly think removing carbon to any degree is going to make one iota of a difference in the climate? The atmosphere is 5,000 QUADRILLION metric tons, something that size might as well be infinity when it comes to man!! This is like saying “we are going to stop people from urinating in the ocean otherwise it will turn yellow”
I once read the earth has around 70,000 wildfires and 80 erupting volcanoes every year. How are they going to stop that? They can’t even stop Californias wildfires. And someone should remind these clowns: The percentage of CO2 in the atmosphere is only 0.04% If that level ever got to 0.02% plants start dying off and when that happens, guess who is next?
Do venture capitalists actually give money to climate startups? Are they that insane?
The silver lining of the banks failure.
Beavens to Hetsy! Noooose!/s
Joe Biden (Liar in Chief) said the bailout will not cost the taxpayers any money. This is a lie. It is true it will not come out of the treasury. It will come out of the FDIC insurance fund. This fund is established by fees on all banks that are part of the FDIC. The max coverage per depositor is 250K. In effect Biden waived this limit to bail out rich and leftists depositors. To keep this fund solvent the banks will have to increase fees on their customers. That is you and me.
The bailout will cost the taxpayers via additional banking fees. Joe Biden is a liar.
The Federal Government will take over lending for these projects. And woth the Feds requiring ESG for investing there will be no where to turn but the Federal Government.
Why? Because they fail and the bank loses its money?
Who coulda guessed that...
Well That IS a Positive Note!
Silicon Valley Bank was in many ways a climate bank,”
It probably should have been a bank bank.
A silver lining!
Beyond the obvious fleecing of taxpayers via government subsidies, exactly what is the business model of a climate startup?
This is happening in a country where no bank will lend $100,000 to an 18 year old who wants to start a business, but will let same 18 year old run up $500,000 in “STUDENT DEBT”.
The bank should have been allowed to fail, and the depositors should not have been bailed out. Then we would not have any more “climate banks” being started.
Could be too easy funding of unprofitable ventures was at least part of the problem.