{"id":1702440,"date":"2022-10-19T12:24:13","date_gmt":"2022-10-19T16:24:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1702440"},"modified":"2022-10-19T12:33:48","modified_gmt":"2022-10-19T16:33:48","slug":"19-states-launch-investigation-into-major-banks-for-pushing-esg-policies","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/19-states-launch-investigation-into-major-banks-for-pushing-esg-policies\/","title":{"rendered":"19 States Launch Investigation Into Major Banks for Pushing ESG Policies"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F19-states-launch-investigation-into-major-banks-for-pushing-esg-policies%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1702440&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>Missouri Attorney General Eric Schmitt says at least 45 members of the Biden administration were in &#8216;constant communication&#8217; with social media platforms to censor speech and deplatform Americans on &#8216;Varney &#038; Co.&#8217;<\/p>\n<p><strong>EXCLUSIVE: <\/strong>Nineteen Republican-led states are launching an investigation into six large U.S. banks that will examine their involvement in the United Nations\u2019 &#8220;Net-Zero Banking Alliance,&#8221; which they say is &#8220;killing&#8221; American companies.<\/p>\n<p>The states, led by Missouri Attorney General Eric Schmitt, oppose the UN&#8217;s <a href=\"https:\/\/www.foxbusiness.com\/markets\/what-is-esg-investing\" target=\"_blank\" rel=\"noopener\">environmental, social, governance (ESG)<\/a> policies that require banks in the alliance to set carbon dioxide emission reduction targets in their lending and investment portfolios, and reach net-zero emissions by 2050.<\/p>\n<p>Many of <a href=\"https:\/\/www.foxbusiness.com\/category\/banking\" target=\"_blank\" rel=\"noopener\">America\u2019s largest banks<\/a>, investment managers like BlackRock and Big Tech companies such as Microsoft have pledged to use ESG scores to help transform society to remain in line with numerous left-wing goals, including those of the Biden administration, especially those related to climate change.<\/p>\n<p>Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo were served Wednesday by the states with civil investigative demands, which acts as a subpoena, for the requested information.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/texas-demands-documents-blackrock-other-financial-service-firms-esg-probe\" target=\"_blank\" rel=\"noopener\"><strong>TEXAS DEMANDS DOCUMENTS FROM BLACKROCK, OTHER FINANCIAL SERVICE FIRMS IN ESG PROBE<\/strong><\/a><\/p>\n<p>The states, led by Missouri Attorney General Eric Schmitt, take issue with the UN&#8217;s environmental, social, governance (ESG) policies. (Fox News)<\/p>\n<p>These civil investigative demands include identifying which Global Climate Initiatives each bank is affiliated with, which groups or divisions within the banks are responsible for <a href=\"https:\/\/www.foxbusiness.com\/politics\/texas-demands-documents-blackrock-other-financial-service-firms-esg-probe\" target=\"_blank\" rel=\"noopener\">ESG implementation<\/a>, and to what extent the banks&#8217; CEOs have been involved, among others.<\/p>\n<p>&#8220;The Net-Zero Banking Alliance is a massive worldwide agreement by major banking institutions, overseen by the U.N., to starve companies engaged in fossil fuel-related activities of credit on national and international markets. Missouri farmers, oil leasing companies, and other businesses that are vital to Missouri\u2019s and America\u2019s economy will be unable to get a loan because of this alliance,&#8221; Schmitt told FOX Business.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/desantis-fights-leftist-corporations-attempts-esg-control\" target=\"_blank\" rel=\"noopener\"><strong>GOV. DESANTIS FIGHTS LEFTIST CORPORATIONS\u2019 ATTEMPTS TO USE ESG TO CONTROL HOW PEOPLE LIVE<\/strong><\/a><\/p>\n<p>Brian Moynihan, CEO of Bank of America. ((AP Photo\/John Minchillo) \/ AP Newsroom)<\/p>\n<p>&#8220;We are leading a coalition investigating banks for ceding authority to the U.N., which will only result in the killing of American companies that don\u2019t subscribe to the woke, climate agenda. These banks are accountable to American laws &#8211; we don\u2019t let international bodies set the standards for our businesses,&#8221; Schmitt said.<\/p>\n<p>Missouri, Arizona, Kentucky and Texas are states taking the lead in the investigation. Other participating states include Arkansas, Indiana, Kansas, Louisiana, Mississippi, Montana, Nebraska, Oklahoma, Tennessee, Virginia and five other states who cannot be named due to confidentiality requirements.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/what-is-esg-investing\" target=\"_blank\" rel=\"noopener\"><strong>WHAT IS ESG INVESTING?<\/strong><\/a><\/p>\n<p>Requests for comment on the probe were not immediately returned Wednesday by the six banks.<\/p>\n<p>ESG policies have been scrutinized recently by top policymakers across the country.<\/p>\n<p>Florida&#8217;s Republican Gov. Ron DeSantis proposed legislation that would target ESG standards in order to protect individual liberty and promote free-market economics.<\/p>\n<p>Florida Gov. Ron DeSantis proposed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Missouri Attorney General Eric Schmitt says at least 45 members of the Biden administration were in &#8216;constant communication&#8217; with social media platforms to censor speech and deplatform Americans on &#8216;Varney &#038; Co.&#8217; EXCLUSIVE: Nineteen Republican-led states are launching an investigation into six large U.S. banks that will examine their involvement in the United Nations\u2019 &#8220;Net-Zero &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1888849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1702440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1702440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1702440"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1702440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1888849"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1702440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1702440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1702440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}