At the intersection of the globalist climate agenda and woke capital are big banks, and they’re gearing up to keep key players in America’s fundamental industries that use fossil fuels from obtaining loans. Leading a coalition of 19 states, Missouri Attorney General Eric Schmitt has launched an investigation into six major banks for this so-called “ESG” push.
As part of a broader global push for “environmental, social, and governance,” or ESG, standards — an unofficial social credit system that “ranks corporations by how well they follow mainstream environmental movements, practice social justice, and support ‘acceptable’ political endeavors” — this UN alliance requires companies that use these banks to work toward reducing emissions to net zero by 2050. In other words, those in fossil fuels or without radical climate targets — including farmers and the oil and gas industry — could be banned from getting loans or credit.