Green Tyrants Suffer Huge Financial Blow as Investment Giants Pull Out Left and Right

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By Beekeeper
19 Feb 2024 6:37 am in No Holds Barred Political Forum
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*Beekeeper
19 Feb 2024 6:37 am
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You can only LIE SO LONG before they catch up to you and your agenda!! 

The tyranny of green might have gone too far.

 The announcement last week that investment giants JPMorgan Chase and State Street have pulled out of the world's largest coalition of groups waging financial war on fossil fuels is a sign that even spineless bankers can find a backbone if they're pushed too hard.

 And it's going to cost the climate activists dearly.

 According to Reuters, JPMorgan and State Street made the move to quit the group Climate Action 100+ on Thursday. At the same time, BlackRock, the world's largest investment manager, transferred its membership in Climate Action 100+ to its international arm.

 According to The New York Times, the decisions total a hit worth $14 trillion (with a "tr") to Climate Action 100+, a coalition that aims to use its "environmental, social and corporate governance" metrics -- "ESG" in corporate-woke shorthand -- to decide what money goes where in the investment world.

 Now, there's no argument that -- even amid the spiraling inflation of President Joe Biden's America -- $14 trillion (with a "tr") is a hefty chunk of change. But the implications of the moves might be even bigger, since they show not only fractures in the climate-nuts coalition, they also show that the major monetary institutions haven't turned themselves solely into subsidiaries of Green Inc. (though they're still on the hook for hypocrisy).

 According to The Washington Times, JPMorgan and State Street cited a demand announced by Climate Action 100+ last year that it wanted members to "disclose more details about their investment decisions."

 In other words, it was tightening the reins on some of the wealthiest, most powerful corporations in the world to try to force them into ever greater compliance with the green agenda.

 That was apparently too much for the masters of the universe, who claimed such disclosures would threaten "fiduciary duties," according to The Washington Times.

 "Fiduciary duty" means an asset management firm must make its top priority the best interests of its investors. Letting the radicals from Climate Action 100+ pore over the books and analyze decisions in light of their supposed harm to the environment would essentially be surrendering crucial independence.

 So, a financial world that has found it convenient to surrender to the hysteria of climate change has suddenly found the courage to push back.
 
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke

The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
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nefarious101
19 Feb 2024 7:05 am
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Maybe getting ready for a trump presidency


Wonder what kind of pardons the Biden Educated Idiot Brigade will issue on it's way out?
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Bidencrimefamily
19 Feb 2024 7:08 am
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No either its a money maker or investment leaves. It only makes sense.
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Bidencrimefamily
19 Feb 2024 7:08 am
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nefarious101 » 19 Feb 2024, 8:05 am » wrote: Maybe getting ready for a trump presidency

Wonder what kind of pardons the Biden Educated Idiot Brigade will issue on it's way out?
Will it be like Trump and pardon a guy that robbed the fund for the wall like bannon?
 
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Bidencrimefamily
19 Feb 2024 7:09 am
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nefarious101 » 19 Feb 2024, 8:05 am » wrote: Maybe getting ready for a trump presidency

Wonder what kind of pardons the Biden Educated Idiot Brigade will issue on it's way out?
Who do you think he will pardon?  

Or are you just throwing **** against the wall?
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nefarious101
19 Feb 2024 7:19 am
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Bidencrimefamily » 19 Feb 2024, 8:08 am » wrote: Will it be like Trump and pardon a guy that robbed the fund for the wall like bannon?

Oh....see you are a "CNNLOL SAYS" cable news viewer....That Russia Russia Russia thing.....you wouldn't have an update on how that "urgent threat to democracy" investigation is moving along would you?...it seems to have just evaporated into thin air....kind of like that Kavanaugh thing did
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Bidencrimefamily
19 Feb 2024 7:21 am
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nefarious101 » 19 Feb 2024, 8:19 am » wrote: Oh....see you are a "CNNLOL SAYS" cable news viewer....That Russia Russia Russia thing.....you wouldn't have an update on how that "urgent threat to democracy" investigation is moving along would you?...it seems to have just evaporated into thin air....kind of like that Kavanaugh thing did
Who watches CNN. I don't. I don't need the media to tell me anything unlike you guys on the right wing. 
 
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Bidencrimefamily
19 Feb 2024 7:22 am
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The researchers report that Exxon scientists correctly dismissed the possibility of a coming ice age, accurately predicted that human-caused global warming would first be detectable in the year 2000, plus or minus five years, and reasonably estimated how much CO2 would lead to dangerous warming.Jan 12, 2023
https://news.harvard.edu › 2023/01
Exxon scientists predicted global warming with 'shocking skill and ...

 
 
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nefarious101
19 Feb 2024 7:23 am
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Bidencrimefamily » 19 Feb 2024, 8:09 am » wrote: Who do you think he will pardon?  

Or are you just throwing **** against the wall?

Obliviously Captain Obvious...Biden won't pardon anyone...he's a human potted plant....what happened to that amazing Captain Obvious ability you exhibited just a while ago?.....not obvious enough?
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Bidencrimefamily
19 Feb 2024 7:24 am
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nefarious101 » 19 Feb 2024, 8:23 am » wrote: Obliviously Captain Obvious...Biden won't pardon anyone...he's a human potted plant....what happened to that amazing Captain Obvious ability you exhibited just a while ago?.....not obvious enough?
😆 🤣 😂 

That has been voted the 14 most effective president ever in history. 

Ahead of Reagan. 
😆 🤣 
 
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nefarious101
19 Feb 2024 7:29 am
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Bidencrimefamily » 19 Feb 2024, 8:21 am » wrote: Who watches CNN. I don't. I don't need the media to tell me anything unlike you guys on the right wing.

I'm not rightwing either.....politics is like a coin...the Left is Heads and the Right is Tails...both are part of the same coin....it doesn't matter how the coin lands when you flip it....the coin is still the same coin.   Call it in the air....who plays "Good Cop" or "Bad Cop" this time to keep that coin in power
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nefarious101
19 Feb 2024 7:31 am
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Bidencrimefamily » 19 Feb 2024, 8:24 am » wrote: 😆 🤣 😂 

That has been voted the 14 most effective president ever in history. 

Ahead of Reagan. 
😆 🤣

yeah...Russia Russia Russia....Obama won a Nobel for doing?.....should I be impressed Captain Obvious?
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*Beekeeper
19 Feb 2024 7:37 am
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Bidencrimefamily » 19 Feb 2024, 8:24 am » wrote: 😆 🤣 😂 

That has been voted the 14 most effective president ever in history. 

Ahead of Reagan. 
😆 🤣

By WHOM??

What "media source" PUMPED THAT **** UP YOUR EVER WIDENING ASSHOLE??

You know, the ones YOU CLAIM YOU DON'T NEED!!
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke

The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
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Bidencrimefamily
19 Feb 2024 7:47 am
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Years ago climate scientists said that CO2 would cause global cooling and a new ice age.

They said that it would reflect sunlight bringing cooling to the earth by reflection of sunlight.


Exxon mobile scientists said that was wrong and that CO2 leaves would create warming.

And guess what exxon mobile was correct. CO2 levels have created warming.

The oil companies can't be wrong.
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