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Kerry: Fiduciary Responsibility of Money Managers ‘Not to Lose’ Money Is Hurting Climate Transition Investment
Breitbart ^ | 07/10/2023 | IAN HANCHETT

Posted on 07/10/2023 11:51:55 AM PDT by ChicagoConservative27

On Monday’s broadcast of MSNBC’s “Ana Cabrera Reports,” Special Presidential Envoy for Climate John Kerry stated that green transition investment has been undercut by the fact that money managers “have a fiduciary responsibility, an obligation to the people they manage it for not to lose the money, but to produce returns on that investment.” And the fact that pension funds “are very careful about those investments in order to make certain they have the money to pay out to the pensioners who work for that money all their lives.” Kerry also said that he has urged those who manage large amounts of money that they have “got to help us create the structure” to spend on climate.

Kerry said that President Joe Biden and King Charles were briefed “on the way trillions of dollars could begin to be deployed into the private sector to accelerate this transition so we are not putting greenhouse gas emissions up into the atmosphere to the detriment of every human being.”

(Excerpt) Read more at breitbart.com ...


TOPICS: Front Page News; Government; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: carbonpropaganda; climate; climatehoax; fakescience; fiduciary; hanoijohn; johnkerry; kerry; money; tehranjohn; traitor
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What a big nothing word salad
1 posted on 07/10/2023 11:51:55 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

We obviously need to change the rules, so that Money Managers no longer have any fiduciary responsibility and can just take all the money they manage and spend it willy-nilly to fundamentally transform the world and create a communist utopia.


2 posted on 07/10/2023 11:54:32 AM PDT by ClearCase_guy (It's not a government. It's a criminal enterprise. Fear it, but do not respect it.)
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To: ChicagoConservative27

It may be a ludicrous word salad, but the meaning is pro-communist all the way. He’s saying that “If free markets will not allocate capital the ‘right’ way, then abolish free markets.” Where the “right” way is whatever John Kerry says investment should go.


3 posted on 07/10/2023 11:54:51 AM PDT by ProtectOurFreedom (I don’t like to think before I say something...I want to be just as surprised as everyone else.)
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To: ChicagoConservative27

The stupid is strong with him


4 posted on 07/10/2023 11:55:06 AM PDT by MustKnowHistory
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To: ChicagoConservative27

Kerry is saying steal from your clients.


5 posted on 07/10/2023 11:55:47 AM PDT by Track9 (You are far too inquisitive not to be seduced…)
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To: ChicagoConservative27

Well Fink is trying to work around his Fiduciary responsibility with Blackrock with a woke investment agenda. Hopefully it will catch up to the POS in a criminal court.


6 posted on 07/10/2023 11:57:03 AM PDT by DAC21
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To: ChicagoConservative27

Blow the dust off your own checkbook, Lurch.

Leave your grubby mitts off of mine.

L


7 posted on 07/10/2023 11:58:43 AM PDT by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: ChicagoConservative27

I hope funding dries up.

You can blame it on a money climate drought.


8 posted on 07/10/2023 11:59:13 AM PDT by hattend (F U Pedo Joe.)
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To: ChicagoConservative27

Solyndra.


9 posted on 07/10/2023 12:00:24 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money)
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To: ChicagoConservative27

Translation. We want to steal your private pension funds to fund our projects.


10 posted on 07/10/2023 12:00:28 PM PDT by pas
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To: ChicagoConservative27

French John, who divorced his clinically depressed first wife to marry the heiress to the Heinz fortune, wants you to forget about your nest egg, forget about your retirement, and let him squander the money on solar panels at the north pole, etc.


11 posted on 07/10/2023 12:01:02 PM PDT by RedElement
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To: ChicagoConservative27

The problem with DC uniparty neo-marxism is that you eventually run out of other people’s money.


12 posted on 07/10/2023 12:02:36 PM PDT by PGR88
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To: ClearCase_guy

Like FTX Crypto-Crap


13 posted on 07/10/2023 12:05:19 PM PDT by Fledermaus (It's time to get rid of the Three McStooges; Mitch, Kevin and Ronna!)
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To: ChicagoConservative27

14 posted on 07/10/2023 12:09:58 PM PDT by rfp1234 (E Porcibus Unum )
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To: ChicagoConservative27

” money managers “have a fiduciary responsibility, an obligation to the people they manage it for not to lose the money, but to produce returns on that investment.””

yeah, john, that’s a bad thing ... very, very bad ...

you greenies need to get that changed to something like:

“money managers have no fiduciary obligation to their clients when ‘investing’ their client’s money in “green” money-losing ventures”


15 posted on 07/10/2023 12:13:16 PM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: ChicagoConservative27

Every time Lurch opens his mouth I think, “That’s it, there’s no way I can hate him more than I already do.” Then he exceeds expectations.


16 posted on 07/10/2023 12:13:31 PM PDT by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: ChicagoConservative27
Some of it makes sense for a Greenie, but the rest is gobbly-gook that a Money Manager and/or Financial Institution WOULD see it as losing money and neglecting their financial fiduciary responsibility.

These eco-nuts never rest in their fight against evil capitalism that they often associate racism, or white supremacy, or homophobes, transphobes, or the complaint of the day.

17 posted on 07/10/2023 12:18:17 PM PDT by A Navy Vet (USA Birth Certificate - 1787. Death Certificate - 2021? )
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To: ChicagoConservative27

More booschidt from the Heinz boy who confused O’Bammie so bad that Barry thought there were 57 states too.


18 posted on 07/10/2023 12:18:36 PM PDT by FlingWingFlyer (A man in NM is killed over a movie theater seat. The azhos in The Swamp think guns are the problem. )
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To: RedElement

He’s such a flaming hypocrite!


19 posted on 07/10/2023 12:20:00 PM PDT by No name given (Anonymous is who you’ll know me as)
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To: ChicagoConservative27

FU Kerry!


20 posted on 07/10/2023 12:22:36 PM PDT by wjcsux (On 3/14/1883 Karl Marx gave humanity his best gift, he died. )
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