ESG HELL: Major World Economic Forum-Tied Bank Exec Advocates Personal Carbon Wallets

A powerful Dutch banking executive signaled support for personal carbon wallets that would give citizens — and perhaps even a government regulator — the ability to track carbon emissions on a micro scale. Is this an early look at what the U.S. has in store if it doesn’t stop woke environmental, social and governance policies?

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China crushes mass protest by bank depositors demanding their life savings back

Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their life savings back from banks that have run into a deepening cash crisis.

Since April, four rural banks in China’s central Henan province have frozen millions of dollars worth of deposits, threatening the livelihoods of hundreds of thousands of customers in an economy already battered by draconian Covid lockdowns.

h/t Mauser 98

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The ‘ESG’ Scam Rates Slave-Using Chinese Firms Higher Than Clean American Energy Producers

Expecting publicly traded companies to do more than simply return shareholder value — their fiduciary responsibility — is a fairly new development in Western capitalism. The idea that corporate leadership and shareholders should explicitly care about environmental, social, and corporate governance (known as ESG) issues beyond how they might affect the bottom line has been around for only about 30 years.

But now, ESG investing has become a big driver in steering capital to corporations deemed to be good stewards of subjective principles. By 2025, financial management firms that claim to invest with ESG principles are projected to account for $50 trillion of a total global value of $140.5 trillion — more than a third of managed investments.

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