Posted on 04/21/2021 8:19:51 PM PDT by MarvinStinson
45 members of the U.S. House of Representatives delivered a letter to Special Presidential Envoy for Climate Change John Kerry accusing him of “abuse of power” for leaning on banks and other financial institutions to deny funding for fossil fuel-related entities in the name of fighting climate change.
“We write to you to express concern with your decision, as reported in the press, to pressure U.S. banks to make radical, overly prescriptive commitments related to climate change that may not be in the best interest of their businesses, shareholders, employees or customers.1 Such pressure from a senior Administration official is a blatant abuse of power,” the letter said. The letter says, last year, 47 Republicans sent a letter to Federal Reserve Chairman Jerome Powell and Vice Chairman of Supervision Randal Quarles that outlined some of the methodological challenges of injecting climate change into financial supervision.
“In that letter, we urged the Fed to take a measured, thoughtful and data-driven approach to their study of this topic, and not to be swayed by political forces or the ill-conceived actions of peer regulators in foreign jurisdictions,” the letter said.
The letter noted that the Biden administration claimed climate change has led to an increase in costs to fight the damage from natural disasters.
“This analysis ignores other potential contributors, such as poor zoning standards or increases in population density,” the letter said. “Climate change is a multi-decade phenomenon and the available data of its financial impacts have gaps and are plagued by a disqualifying level of subjectivity.”
The letter said the same “methodological concerns” apply to the Biden administration’s “heavy-handed efforts to incorporate climate change into financial supervision, or pressure banks to adopt the administration’s climate change principles.”
(Excerpt) Read more at breitbart.com ...
What would Kerry say if the “fossil fuel entities” stopped selling to all government agencies, federal, state and local? As well as all democrat politicians, federal, state, and local?
Perhaps this could be worked on and implemented.
You know,
consider this like a facebook ban of conservatives,
which democrats and governments are all in favor of doing.
At what point does the shooting start?
This is what they will do to guns as well.
We need to start taking away access to “fossil fuels” from these cretins like Jane Fondle and Horseface Kerry.
They’ve created a choke point with ammo.
yup
“i am sorry, based on your views and statements, we feel we cannot morally sell you gas or let you use any gas powered items”
yup
“we do not want to contribute to you being a hypocrite, we cannot in good conscience let you fly today”
‘Tis a pity that none of people employed in the coal, natural gas, and petroleum industries hold rallies or demonstration.
.
Guess Kerry needs to get the oars out for his boats. What a despicable human
Aren’t airlines “fossil fuel entities”? “Press” the banks to deny them funding, horseface.
Totally agree.
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