Federal Reserve announces major ‘pilot exercise’ for ESG social credit score system
Federal Reserve Statement:
“Six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks. Scenario analysis—in which the resilience of financial institutions is assessed under different hypothetical climate scenarios—is an emerging tool to assess climate-related financial risks, and there will be no capital or supervisory implications from the pilot.”
The Fed is clearly leaning in to the climate hoax narrative, or the pseudoscientific idea that humans are catastrophically impacting the climate, but not because they somehow care about the environment. The climate narrative is the chief rhetorical facilitator for the ESG (Environmental, Social, and Governance) movement.
..Definitely the first step to implementing social credit scoring.. Banks will soon be granting / denying business lending based upon the leftist climate scam.
Once they do it to businesses, they will start doing it to you.