Here’s something the White House was so eager for you to see, they released it with great media fanfare on...late Friday afternoon.
Ah, we’re just having a little fun with sarcasm. As everyone who’s not an idiot knows, late in the day on Friday is when the government dumps documents it hopes will receive minimal media attention and stay under the radar. This time, it darned near worked, too; we’d like to thank Glenn Beck for calling attention to this report, dated October 14: A ROADMAP TO BUILD A CLIMATE-RESILIENT ECONOMY --- U.S. Climate-Related Financial Risk, Executive Order #14030.
Never mind all the climate-related predictions that have not come to pass. This report assumes the absolute worst, blaming climate change for all extreme weather such as wildfires and hurricanes, in a way that allows it to say that one out of every three Americans has been affected by the “climate crisis.” Our ability to deal with the financial fallout from this “climate crisis” is lacking, the report warns: “In short, the current suite of data, tools, disclosures and mitigation strategies fail to help investors, policymakers and the public understand and make decisions grounded in the economic realities of the climate crisis.” So, hooray, the government is here to fix that. This is our lucky day.
Biden’s Executive Order #14030, signed May 20, 2021, calls for the federal government to lead financial institutions by example by “appropriately prioritizing Federal investments.” And it’s far- reaching; “This report lays out a roadmap for measuring, disclosing, managing, and mitigating climate-related financial risk across the economy, including to the Federal Government, while also catalyzing public and private investment to seize the opportunity of a net-zero, clean energy future.”
This will require radical change and control---I mean nurturing guidance, but without this, we would really miss out. As the report says, “By sustaining the status quo, we not only face the mounting repercussions of climate change, but also...of missing out on on an historic chance for job creation, shared prosperity, and a more resilient future. THE UNITED STATES MUST INTEGRATE CLIMATE RISKS THROUGHOUT ALL RELEVANT ASPECTS OF THE ECONOMY AND FINANCIAL SYSTEM. [Emphasis mine.] And, in doing so, it must meet the moral and economic imperative to rectify decades of disproportionate environmental damage imposed on historically disadvantaged neighborhoods.”
This “broader economic strategy...leverages the full talent and creativity of all Americans by elevating equity [NOTE: “equity” means an engineered equality of outcome; see Critical Theory] as a top priority in all decision-making, and restores the United States’ relationship with key allies internationally, finding common ground to meet the global goals of the Paris Accord.”
Recall that newly-inaugurated President Biden rejoined the Paris Accord his first day in office. It’s described in this government press release at the time as “an unprecedented framework for global action.” And that’s exactly what it is.
Criticism of this new "roadmap" is bound to be interpreted as “climate skepticism,” which is now verboten on YouTube, a subsidiary of Google. So, wasn’t that timed well?
Glenn Beck warned in March that this was coming, as banks were starting to implement “environmental, social and governance (ESG) scores” on their own. These were an outgrowth of the Paris Accords –- which Trump had wisely pulled out of before Biden brought us back in –- and simultaneous meetings of the world’s largest financial institutions. The World Bank and the U.N. brought together 230 banks and insurance companies to outline what became known as “The United Nations Environment Programme Finance Initiative (UNEP FI),” which drafts a methodology for, as Beck put it, “to bend the private sector to the will of the government by using banks as a pressure or a choke point.” We went hunting and found their “Principles of Responsible Banking.”
Consistent with these, Article 2.1(c) of the Paris Accords states: “This Agreement...aims to strengthen the global response to the threat of climate change, in the context of sustainable development AND EFFORTS TO ERADICATE POVERTY [emphasis mine], including by making finance flows consistent with a pathway towards low greenhouse emissions and climate-resilient development.”
This is the way government gets to follow all the money---I mean, “finance flows.” (I would add that this is very much in the spirit of the recent call for U.S. banks to report every transaction over $600.) It might also determine whether a bank will loan money to you and what you have to do in order to get it. This is, well, serfdom.
The one thing that was lacking till now was full U.S. government support, which is what the "roadmap" released on Friday apparently gave. It essentially means that financial incentives will be used to make the public conform to whatever the government deems of value in controlling and dealing with climate change. They argue that this will make us more competitive with nations such as China –- which makes no sense, as China won’t be bound by any of this. (And why should they, when they already HAVE total government control?)
The "roadmap" mentions French legislation called “France’s Energy Transition Law” that uses the principle of “comply or explain.” In France, every bank and every company needs to provide a full accounting to the government “disclosing all of their ESG measures.” Beck cites the most recent report from Coca-Cola in Europe that runs to 98 pages of “explanation” to justify their license to do business. But you don’t have to read 98 pages; note the two paragraphs titled “Global Relevance” on the PRI (Principles of Responsible Investment) website at the link and see that “comply or explain” is indeed a real thing.
The White House is directing Treasury Secretary Janet Yellen to begin a similar initiative under the Financial Stability Oversight Council, using the justification that climate change is a national security threat. Knowing Janet Yellen, we’re sure she can’t wait to implement this.
We haven’t read the entire report yet, only the introductory parts, but according to Beck it will require Americans’ compliance in order to, say, continue having insurance or maintain a savings account. It does this under the auspices of protecting Americans’ savings and pensions.
Obviously, all businesses having contracts with the federal government will be particularly vulnerable to this control.
They're even “addressing climate risk in the VA lending programs.” That’s the amazing thing about “climate risk” –- it affects everything! VA lending is mentioned in the glowing press briefing from Friday, at the link.
Essentially, the government is using the perceived "climate crisis" as a pretext to run everything, to take control of what was left of the free market and everything we do or own. It’s not a crazy conspiracy theory –- it’s there in the report, and we really don’t even have to read between the lines very much to see how this works. By bringing the report out very quietly late on a Friday, they obviously were trying to keep any discussion of it as low-key as possible. Let’s see what we can do to foil that plan.