Global Bankers Clarify, the ‘Climate Emergency’ Is Our Movement
Sept. 23, 2019 (EIRNS)—At the UN Climate Action Summit this morning otherwise featuring teen angster Greta Thunberg’s furious rant, the Bank of England’s Governor Mark Carney came in as the flagship spokesman for 30 global banksters, as if to underline that those bankers started the “climate emergency” drive in 2015 and run it today.
The global banks unveiled a “compact” they, and 100 other banks, had signed the previous day, Sept. 22, by which they adopted the objectives of the 2015 Paris Climate Accord as their current investment policy—meaning pulling out of fossil fuel and into “green” investments. The Paris Accord, for example, called for shutting three-quarters of the world’s thousands of coal-fired power plants by 2030. It is this policy which the total of 130 banks, claiming $47 trillion in assets, claimed as their policy; it would send infant mortality up and lifespans down in the developing world for lack of electricity.
As Reuters reported UN Environment Program Finance Initiative Banking Team leader Simone Dettling, this bankers’ compact had been in the works for at least 18 months—it predates Greta Thunberg, the Extinction Rebellion, Fridays For Future, and the rest of the “climate emergency” street-action nonsense. It makes clear that these are street actors for a dictatorship of bankers and central bankers like Carney, crisis-ridden bankers who see “green investment” as a last-hope boondoggle to skate through another financial crash at the expense of populations.
Carney, probable next head of the IMF, told the UN Climate Action Summit that “finance” had to make the companies it invested in both “green,” and transparently so, without hidden fossil-fuel activities. “The world won’t get to net zero if the financial sector doesn’t know how companies are responding,” he said. “To watch, you need to be able to see.”
But the name the 130 banks chose for their compact can only provoke hilarity: “Principles of Responsible Banking.” Among the leading responsibles: Lloyds Banking Group (caught in securities fraud, stock “mis-selling,” etc.); Danske Bank (currently in a massive money-laundering scandal); ABN Amro (looter of cities through deceptive interest-rate swaps deals before and after the 2008 crash); Deutsche Bank, the London destroyer of German banking; Citigroup, Wall Street’s biggest serial bankrupt; Barclays, a leader in rigging the LIBOR rate from 2007-15; BNP Paribas and Société Générale, etc. And if some of the participating 130 banks drag their feet in pulling out of fossil fuel investments? They’ll suffer the “reputational risk” of being ejected from the compact, according to Reuters. They must “align their strategies with the Paris Climate Accord.”
Schiller Institute President Helga Zepp-LaRouche pointed out that in fact, a “Green Finance Initiative” of central bankers and banksters, convened by Carney, has been planning this shutdown of advanced power sources and “Green New Deal” since 2015, immediately after the Paris COP21 meeting. It is a bankers’ “eco-fascism,” she warned, like Hjalmar Schacht’s leading into Hitler’s taking power in 1933, but this time across Europe and with Wall Street and Asian banks involved.