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19 Conservative AGs are Investigating Banks for Wokeness

19 Conservative AGs are Investigating Banks for Wokeness

AGs are investigating bank biases.

Nineteen AGs are investigating six major banks for wokeness. Those banks include Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo.

The banks are being investigated to see what, if any, connection they have with Net-Zero Banking Alliance, a project of the United Nations. That group denies companies and individuals banking privileges in order to target carbon emissions. This allows banks to withhold loans and other services mainly to oil companies and farmers.

Missouri State Attorney General Eric Schmitt said:

“The Net-Zero Banking Alliance is a massive worldwide agreement by major banking institutions, overseen by the UN, to starve companies engaged in fossil fuel-related activities of credit on national and international markets.” 

The attorneys general requested that the financial institutions supply them with a list of “divisions, groups, offices, or business segments” that have connections to the Net-Zero Banking Alliance and include how the elimination of fossil fuels is weaved within their operations. Also, any other climate initiative that the banks are tied in with,

JP Morgan, the largest bank in the United States has dedicated @2.5 trillion dollars on climate change over the next ten years. That money is to be spent over the next decade to advance  “advance long-term solutions that address climate change and contribute to sustainable development”. This will drive up the price of gas because only the large oil companies will be able to stay in business. Less competition, higher prices.

Schmitt continued:

“We are leading a coalition investigating banks for ceding authority to the UN, which will only result in the killing of American companies that don’t subscribe to the woke, climate agenda. These banks are accountable to American laws — we don’t let international bodies set the standards for our businesses.”

From The Daily Wire

Multiple conservative states have already divested from entities supporting ESG, arguing that the philosophy conflicts with fiduciary duties by the mingling of profitability with social activism. Missouri, South Carolina, and Louisiana have pulled well over $1 billion from asset management company BlackRock, which has taken “voting action on climate issues” against dozens of portfolio companies.

ESG investment appears to conflict with the expectations of most American investors, who expect companies to prioritize their business operations over any secondary agendas favored by executives. An exclusive poll from The Daily Wire showed that American investors would prefer that companies commit solely to the pursuit of profits, with 58% of respondents agreeing that companies leveraging their power for political or social ends is a “bad thing.”

Consumers’ Research Executive Director Will Hild said:

“States are holding big banks accountable for obvious violations and for peddling highly questionable climate initiatives under the label of ESG — all part of a coordinated effort to handicap American energy at the expense of consumers. These banks cannot be allowed to continue to promote a progressive agenda that prioritizes political activism over delivering for their hardworking American customers.”

All state laws are different, but banks that wish to do business in states where their laws prevent banks from discriminating against legal businesses to conduct business should be tossed out on the ears. The banks discriminate in other areas, too. Most notably gun manufacturers and gun shop owners. And it’s not only loans, it’s also the processing of consumer credit payments. What’s next? Are workers for these banned companies being denied access to banking? This needs to stop now.

Either banks toe the line or they leave the state. No exceptions.

 

 

Author

  • Steven Ahle

    My investigation into a DHS program that instructed law enforcement to treat Christians as terrorists won me the 2014 CJN Journalist of the Year award. Here is a video of Glenn Beck reading my article on his program: https://www.youtube.com/watch?v=7y6asmOkdNE&t=282s I am a troll bridge. You can cross me, but you will pay a price.

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Comments 8

  1. Stan Ritchie says:

    All our problems arise from the inability to vote in the right people without cheating.
    This all still comes down to who counts the votes. We all have to go to the ballot drop off boxes in the states that use them with our cameras in mass 24/7 until the voting is over. Only one or two ballots from the same person are legal after that they are criminals. The addresses of all of the boxes from each state are online. We need to stop it so it doesn’t come to talk talk talk without action after the fact.. If we don’t win the midterms the corruption will be too strong to stop. So how many of you are willing to watch for the criminals stealing our country in the middle of the night. They won’t stuff the ballots if we are there in person. Please send this idea out to as many people as you can. I am taking the 2AM to 5AM shift in my state. We don’t seem to have the power to do much as individuals but this can make us all a force to be reckoned with if you do your small part.

  2. Drsique says:

    Huh. Let me see if I have this right. A Christian Baker must provide a “gay wedding cake” despite deeply held religious beliefs BUT a member of the banking cartel can refuse services for whatever reason they devise. Yup. That about sums it up.

  3. Doug Litchfield says:

    The AG’s also need to stop this Biden Bucks scam in it’s tracks. Anything these people meddle with always turns to disaster and will not be beneficial for Americans.

  4. Leftshot says:

    I just recently became aware of the Billings Report and am very impressed with the breadth, depth, and high standards of your reporting.

    Please keep it up!

  5. Old wolf says:

    If it wasn’t a election year this won’t be happening. It’s all about their easy jobs and big pay

  6. Sunshine Kid says:

    It used to be that the only loan refusals was for the inability of the recipient to repay the loan. Today, it seems that the right to refusal hangs not on financial stability, but political affiliation.

  7. Wes says:

    Politics have gone too far in this country. Now they want not only to be ruling in government but also to rule in our individual lives by forcing us to comply with things we don’t choose to do. Where is our independence and where have our freedoms gone? We must ensure the next election is fair and accurate because the last one put a lot of people in power that I don’t think were ever elected!

  8. Sandra Lee Smith says:

    Yes, this is just all wrong, but it is also “right”, insofar as it is part of Yhwh God’s plan to allow humanity to “fill to the brim the cup of His wrath” with their sinful behaviors, before He unleashes His judgment on them. Understand it is NOT His WILL that man condemn himself; however, we are each allowed free will to choose our course in life. That doesn’t mean we’re free from the consequences of our choices, of which judgment & condemnation is the chief, for those who choose behaviors & thought/belief patterns that Yhwh God has labeled, & forewarned us are, sin in His view. Not only does the Bible warn us all this evil would come about in the last days, but Satan’s own written agenda (see UN Agendas 21 & 2030) tells us it was coming as well. We will stand before Him with NO excuses for “not knowing”. Neither should we be surprised as we see it coming to pass.
    Our task is to make our choices, fully informed they have consequences, not all of which are pleasant or desirable.

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