• Privacy Policy
  • About Us
  • Contact Us
Climate Change Dispatch
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
Climate Change Dispatch
No Result
View All Result

Be Afraid: They’re Gambling Away Your Pension At COP26

by Editorial Board
November 09, 2021, 7:20 AM
in News and Opinion
Reading Time: 2 mins read
A A
1

federal reserve protestThis year’s climate summit in Glasgow has been an embarrassing flop for the green brigades, with one baleful exception.

World leaders can’t agree on costly binding CO2 emissions targets that they’d have to explain to taxpayers back home. So they’ve decided instead to dip into your pension savings on the sly.

That’s the real story of the $130 trillion (yes, with a “t”) in green finance that officials claim to have mobilized last week.

The sum comes via the Glasgow Financial Alliance for Net Zero, an outfit run by former Bank of England chief Mark Carney that counts 450 financial firms from 45 countries with $130 trillion in assets under management.

The group’s members committed to investing their capital in greener ways—while the world’s leading financial regulators committed to making sure that they do.

Asset managers and banks pledge to expand investment and lending for carbon-reduction projects in developing countries, to the tune of $1 trillion or more a year, in collaboration with public bodies such as the World Bank and International Monetary Fund.

The green financial cartel also promises to press other companies to meet aggressive climate goals.

This might mean incorporating carbon neutrality into lending decisions, or imposing carbon targets on corporate managers via shareholder votes and the like. Service providers and data firms such as auditors and credit-rating firms will chip in as enforcers.

Naturally, they all want government help, and they’re going to get it. A global association of central banks and regulators, which includes the U.S. Federal Reserve, promised in Glasgow to include climate factors in bank stress tests and other coercive tools.

The biggest problem with all this? They’re doing it with your money.

Finance companies are eager to hype their participation for the sake of good publicity, but Mr. Carney’s organization is curiously quiet about where that $130 trillion is coming from.

A large proportion comes from household savings in banks, 401(k) pensions, or insurance premiums. So you might want to know that the strategies these green-finance cartel advocates will put your capital at risk.

Investing in developing economies even without political considerations is notoriously risky.

Asset managers and banks will also eschew fossil-fuel investments despite the potential returns from extracting resources the world will need and demand in the foreseeable future.

They also will use their financial sway to force many companies to undertake costly carbon-mitigation efforts that can reduce shareholder returns.

The tell here is that, although last week’s announcement neglects to mention it, a crucial part of this agenda will be to release financial firms from their regulatory obligation to mind the best interests of their clients.

The Biden Administration led the way this year, with a Labor Department proposal to coerce 401(k) providers to include climate change and other political factors in investment decisions.

Green returns are unlikely to be as high as those from conventional investment strategies.

Leaders last week failed to agree on the aggressive carbon-reduction targets greens want because they know the costs of the transition are unpopular.

Politicians and their corporate accomplices shouldn’t impose on savers in secret the costs they’re not willing to place on taxpayers in the open.

Read more at WSJ

  • Truth
  • Twitter
  • Facebook
  • LinkedIn
  • Gettr
  • Threads
  • gab-logo Gab
  • Mastodon
  • Buffer
  • Telegram
  • Email
  • Copy Link
  • Share Using More Networks…

Popular Posts

Electric Vehicles (EVs)

The ‘Green’ Scam Of The Century: How ‘Renewables’ Increase Fossil Fuel Demands

Oct 23, 2024
News and Opinion

Antarctica Is Colder, Icier Today Than At Any Time In 5,000 Years

Apr 15, 2024
Energy

30-Plus Signs That The Climate Scam Is Collapsing

Apr 09, 2025

Comments 1

  1. Spurwing Plover says:
    4 years ago

    It all leads down the path to a Global Government lead by the UN as well and the Eco-Nazis/Watermelons and enforced upon us by the Green Helmets

Stay Connected On Social Media

gab-logo

Donate Today

Beating back the alarmist narrative takes time and money. Please donate today to help!

Recent Posts

  • cop30‘UN COP FLOP’: Most Countries Will Miss Climate Targets Ahead Of Major Summit
    Oct 28, 2025
    Most countries are set to miss their climate pledges as the UN COP30 summit nears, highlighting global inaction despite international commitments. […]
  • mosquitoes swarmingMeteorologist: Iceland’s Mosquitoes A Byproduct Of Global Shipping, Not Global Warming
    Oct 28, 2025
    NPR blames climate change for mosquitoes in Iceland, but a meteorologist shows how they arrived by global shipping, not warming. […]
  • clouds sun earthNew Study Finds Recent Global Warming Mostly Driven By Natural Forces—Not CO2
    Oct 27, 2025
    Recent warming is largely due to natural climate factors, with only one-third linked to rising greenhouse gases, new study shows. […]
  • Poverty in IndiaHow Climate Dogma Is Keeping The World’s Poor In The Dark
    Oct 27, 2025
    Western climate policies keep billions in poverty by denying developing nations access to affordable energy, all in the name of climate change. […]
  • EU's Ursula Von Der Leyen and TrumpUS Pressures Europe To Roll Back Climate Mandates, Targets Net Zero Policies
    Oct 27, 2025
    The Trump administration urges EU to weaken rules on emissions and sustainability, citing risks to trade and energy reliability. […]
  • aoc dollarClimate Tightwads: Most Americans Reject $1 Monthly Carbon Fee, Poll Shows
    Oct 27, 2025
    Most Americans won’t pay $1 a month to fight the so-called threat of human-caused climate change, new AP-NORC/EPIC poll shows. […]
  • Surface miningTrump Moves To Break Communist China’s Grip On Rare Earth Minerals
    Oct 27, 2025
    Trump moves to break Communist China’s control over rare earth minerals critical to U.S. technology and defense. […]
  • COP30 Amazon17 Republican AGs Urge Trump Admin To Skip COP30 Over Green Energy Policies
    Oct 24, 2025
    The attorneys general say attending COP30 would back costly, unreliable wind and solar and risk U.S. energy security. […]
  • severe storm over cityClimate Expert Reveals Latest Scandal Tied To Billion-Dollar Disasters
    Oct 24, 2025
    Climate Central takes over the Billion-Dollar Disasters tabulation, sparking fresh controversy over its methods and motives. […]
  • ocean sun cloudsNew Study Finds 75% Of Rising Ocean Heat Likely Natural, CO2 Not A Factor
    Oct 24, 2025
    Study shows ocean warming driven mostly by natural cycles, not greenhouse gas emissions, challenging mainstream global warming narratives. […]

Get Instant Email Notifications

Subscribe to receive a digest of daily stories, or get emailed once they're published. Check your Junk/Spam folder for a verification email.

Submit a tip

Please enter your email, so we know you're human.

Books You May Like

exposing great lie

Have a suggestion? Let us know! We swap out books based on your input. We participate in the Amazon Services LLC Associates Program. See here.

  • About
  • Privacy Policy
  • Contact Us

© Portions copyright Climate Change Dispatch

No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us

© 2025 Climate Change Dispatch

 
Share via
  • Facebook
  • Like
  • Twitter
  • Pinterest
  • LinkedIn
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky
Share via
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky