Legal Insurrection by Leslie Eastman Friday, February 2, 2024
Banking institutions, policy makers, and politicians in this country may want to pay attention to Europe. The farmer’s protests are expanding considerably….and tractors are now surrounding the European parliament.A coalition of 12 Republican state agriculture commissioners are taking aim at six large U.S. banks over their net-zero ambitions, opening a new front in the pushback against woke investing, a fight that has primarily been spearheaded by state attorneys general and financial officers.
The top state officials penned a letter Monday morning to top executives of Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo, taking issue in particular with their collective membership in the Net-Zero Banking Alliance (NZBA). They warned that the banks’ involvement in the global eco alliance may impact food availability, lead to price increases, limit credit access for farmers, and have broad negative economic consequences.
“American agriculture is sending a clear signal: we will not bend the knee to the failed, left-wing climate agenda of the United Nations that seeks to cripple one of our country’s most critical industries,” Georgia Agriculture Commissioner Tyler Harper told FOX Business.
“Now more than ever, banks that do business with America should be unquestionably supporting American industries — and that starts with the one that puts food on our tables, clothes on our backs, and shelter over our heads,” Harper continued. “The UN’s Net-Zero Banking Alliance would be the equivalent of a run on the bank for our nation’s agriculture industry and pose a serious threat to our national security — and it must be stopped.”
Agricultural commissioners from Alabama, Georgia, Florida, Iowa, Kentucky, Louisiana, Mississippi, North Carolina, North Dakota, South Carolina, Texas, and West Virginia have signed the letter.
The letter detailed all the likely consequences of attempting to force net-zero goals on farming and ranching in this country.
“Achieving net-zero greenhouse gas emissions in agriculture requires a complete overhaul of on-farm infrastructure — one of the goals of the NZBA,” reads a letter from the GOP officials to executives at Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.
More:
https://legalinsurrection.com/2024/02/top-agriculture-officials-from-12-states-launch-probe-into-esg-investing-by-u-s-banks/Will Hild
@WillHild
The letter asserts that, as members of the Net-Zero Banking Alliance (NZBA)
, @BankOfAmerica
, @Citi
, @JPMorgan
, @MorganStanley
, @WellsFargo
, and @GoldmanSachs
are all working in lockstep to force the ESG agenda onto the entire domestic food supply chain:
https://twitter.com/WillHild/status/1751989084896043298
