On Tuesday’s broadcast of Bloomberg’s “Balance of Power,” Senate Committee on Banking, Housing, and Urban Affairs Chairman Sen. Sherrod Brown (D-OH) said he supports environmental, social, and governance (ESG) efforts by banks to look “more closely at whom they lend to and who are socially responsible and who are destroying the environment and who is improving the environment.” And said ESG critics are “climate deniers” or think the world should be run by white men.
Host David Westin asked, “Senator, one of the challenges for these bankers is environmental, social, and governance because they seem to be getting caught between some states who are saying, don’t you pay attention to that or we won’t give you our money, our pension plan money, and some pension plans saying, you better pay attention to it. Is there anything you in Congress should do or could do to help them?”
also last week Rashida Talib asked the bank CEO’s how many were taking steps to end fossil fuels startign today :
J.P. Morgan CEO Jamie Dimon told the representative during a House Financial Services Committee hearing that her request
would lead to despair and ruin.
“You have all committed, as you all know, to transition the emissions from lending and investment activities to align with pathways to net-zero in 2050… So no new fossil fuel production, starting today, so that’s like zero. I would like to ask all of you and go down the list, cause again, you all have agreed to doing this. Please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products, Mr. Diamond?” Tlaib asked.
“Absolutely not, and that would be the road to hell for America,” Dimon responded.
DID THEY REALLY AGREEE TO THAT ????
www.foxbusiness.com/media/top-bank-ceos-decline-radical-climate-demands-rep-tlaib-road-hell-america
h/t Coastie Patriot