ESG Is Just Banks Trying to Achieve Biden’s Policy Goals

During the Monday airing of Fox Business Network’s “Mornings with Maria,” Arkansas Attorney General Leslie Rutledge (R) said the Biden administration was responsible for Net-Zero’s ESG practices Banking Alliance, as the banks in the alliance are trying to meet the goals of the Paris climate accord that the Biden administration signed on to.

Host Maria Bartiromo asked: “[I]Doesn’t this all come from the Democrats and the Biden administration? I mean, let’s face it, the Biden administration has a whole-of-government approach here for ESG. It pretty much discourages banking from fossil fuel companies, it discourages leases, and then it complains that it’s the oil companies [fault] for gas prices where they are.

Rutledge replied, “Well, you’re spot on Maria. And what we see with this Net-Zero Banking Alliance across the UN is that these companies are hoping to put in place the Paris Agreement that President Trump got rid of on day one, unfortunately, President Biden put it back in place. They want to bring the companies that are investing – that are working with these banks to zero emissions by 2050. They want to put in place this liberal wake-up program through our banks. We want these banks to focus more on banking regulation. We have far too many banking regulations that they should focus on. All I hear from bankers are complaints about CFPB regulations strangling them. Well now these six banks are looking to strangle all sorts of other companies over environmental regulations that have nothing to do with these banks other than wanting to push this woke liberal agenda and ram the Paris Accord down their throats American companies.

Follow Ian Hanchett on Twitter @IanHanchett


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