Let’s be honest: most of these firms, and most companies, are not really doing all that much, maybe slightly more than lip service, trying to please the Cult of Climastrology and Warmist politicians. Hence why the Warmists came up with the term “greenwashing”. Not sure why Warmists are complaining, because most of them do little to nothing in their own lives
Wall Street’s Biggest Names Are Backing Off Their Climate Commitments
Shortly before COP26, last year’s United Nations climate conference in Glasgow, financial institutions were rushing to announce their climate commitments. The conference’s leadership and Mark Carney, a special envoy appointed by the United Nations to push private finance to invest in climate solutions, announced the creation of the Glasgow Financial Alliance for Net-Zero, or GFANZ.
The initiative’s goal was to increase the number of financial institutions committed to net-zero principles — essentially a promise that the work done by these institutions (investing, lending money, managing major assets like pension funds) would not cause an overall increase in the world’s carbon emissions. During the conference, Carney announced that the coalition had grown to 450 firms responsible for $130 trillion in assets, a pot of wealth equivalent to more than five times the gross domestic product of the United States. (snip)
But just a year later, many Wall Street firms are backtracking. In September, the Financial Times reported that several banks, including Bank of America and JP Morgan, were concerned about accidentally running afoul of United Nations climate rules and being held legally liable for their commitments, leading them to consider pulling out of GFANZ. Blackrock and Vanguard, the world’s largest asset managers, then confirmed in October that their net zero commitments would not preclude them from investing in fossil fuels, despite concerns that new fossil fuel investment is incompatible with timely decarbonization. (Asset managers steward money on behalf of major investors like sovereign wealth funds, insurers, and pension funds.) And finally, earlier this week, Vanguard officially announced that it is resigning from the Net Zero Asset Managers initiative, a sector-specific alliance under the GFANZ umbrella.
It’s a long piece, but, let’s face it, so many of these companies are realizing this is all just very silly, and with economy issues around the world it is time to focus on doing business properly, not pandering to the climate nuts. Most consumers couldn’t care less about any pledges. They’re tired of spending money for nothing, and still having the climate cult giving them hell. The people who run these companies are not dummies, and aren’t seeing a return for those pledges. Is this a big crack? Or just an aberration? Time will tell.
Read: Bummer: Wall Street Firms Backing Out Of Their Climate (scam) Commitments »
Shortly before COP26, last year’s United Nations climate conference in Glasgow, financial institutions were rushing to announce their climate commitments. The conference’s leadership and Mark Carney, a special envoy appointed by the United Nations to push private finance to invest in climate solutions, announced the creation of the Glasgow Financial Alliance for Net-Zero, or GFANZ.
More than 70 House and Senate members sent a
The war in Ukraine is draining U.S. arms stockpiles while geopolitical risks grow. Yet the Biden Administration is worried about—you can’t make this up—the climate impact of U.S. weapons and wants to impose costly green mandates on federal contractors.
After yet another disappointing showing for Republicans in Georgia’s Senate runoff on Tuesday, some conservatives — like Sean Hannity, Newt Gingrich and Kevin McCarthy — have begun to point to a surprising culprit: a failure to take advantage of early voting.
Concern over warmer temperatures and vanishing snow in some of the world’s winter playgrounds has put the selection of a host city for the 2030 Winter Olympics on hold.
Amnesty International is backing a call for the International Court of Justice (ICJ) to issue an opinion on states’ responsibilities and obligations surrounding the climate crisis.
President Joe Biden said Tuesday that he hasn’t visited the U.S.-Mexico border because “there are more important things going on,” despite traveling to Delaware 59 times and stopping for ice cream eight times since taking office.
Any effort to curb global greenhouse gas emissions and stave off catastrophic warming is doomed to fail unless far more is done to address the “foundational” role Big Tech companies now play in exacerbating the climate crisis. That’s the conclusion of a new report released last week by the international environmental nonprofit Global Action Plan.

