Notably, former Bank of England Governor, Mark Carney is an “Observer” or consultant to the PCAF. Now they sense a new role as virtue-models to change the world economy, if we are to believe the rhetoric. Several of the PCAF member banks have been indicted in money laundering cases. “PCAF is based upon the Paris Climate Agreement’s position that the global community should strive to limit global warming to 1.5☌ above pre-industrial levels and that society should decarbonize and reach net zero emissions by 2050.”īy 2020 the PCAF had more than 100 banks and financial institutions including ABN Amro, Nat West, Lloyds Bank, Barcylays, Bank of America, Citi Group, CIBC, Danske Bank and others. This was soon expanded in 2015 when Morgan Stanley joined the Steering Committee of the Partnership for Carbon Accounting Financials (PCAF). In 2013, well before the coronavirus, the major Wall Street bank, Morgan Stanley, created its own Institute for Sustainable Investing. They have created a dazzling array of organizations to drive their green investing agenda.ġ00+ Scientific Papers: CO2 Has Minuscule Effect On Climate
It is being driven by the world’s major financial institutions and central banks. The crucial central goal of ESG strategists is to create a shift to inefficient and costly alternative energy, the Zero Carbon promised utopia. How corporations contribute to a global sustainable governance is the most vague of the ESG, and could include anything from corporate donations to Black Lives Matter to supporting UN agencies such as WHO. What the bankers and giant investment funds like BlackRock have done is to create a new investment infrastructure that picks “winners” or “losers” for investment according to how serious that company is about ESG - Environment, Social values and Governance.įor example a company gets positive ratings for the seriousness of its hiring gender diverse management and employees, or takes measures to eliminate their carbon “footprint” by making their energy sources green or sustainable to use the UN term. This time they are preparing the Klaus Schwab WEF Great Reset by steering hundreds of billions and soon trillions in investment to their hand-picked “woke” companies, and away from the “not woke” such as oil and gas companies or coal. Drawing from the vision and vast expertise of the leaders engaged across the Forum’s communities, the Great Reset initiative has a set of dimensions to build a new social contract that honours the dignity of every human being.The UN “sustainable economy” agenda is being realized quietly by the very same global banks which have created the financial crises in 2008. The opportunityĪs we enter a unique window of opportunity to shape the recovery, this initiative will offer insights to help inform all those determining the future state of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons. Leaders find themselves at a historic crossroads, managing short-term pressures against medium- and long-term uncertainties. The inconsistencies, inadequacies and contradictions of multiple systems –from health and financial to energy and education – are more exposed than ever amidst a global context of concern for lives, livelihoods and the planet.
The Covid-19 crisis, and the political, economic and social disruptions it has caused, is fundamentally changing the traditional context for decision-making.
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