Loading ...Top US Banks Under Investigation Over ESG And Climate Action
The top law-enforcement officers for the group of mostly Republican-controlled states said they have reason to believe the banks being investigated agreed to align their investing and loan portfolio with U.N. emissions goals.
The goals, outlined in the U.N. Paris Agreement on climate change, call for a transformation of the economy away from traditional energy sources. Government and business leaders in developed nations including the United States and Western Europe agreed to pursue significant reductions in CO2.
The effect of these policies, the AGs warned, would be to starve key industries of credit—especially companies in the energy and agriculture sectors that are critical to the prosperity and even the national security of the United States.
The banks being scrutinized by the top lawmen for their states include Bank of America, Wells Fargo, Morgan Stanley, JPMorgan Chase, Goldman Sachs, and Citigroup.
https://www.zerohedge.com/geopolitical/top-us-banks-under-investigation-over-esg-and-climate-action