Nineteen Republican attorneys general announced an investigation into six Wall Street firms regarding their involvement with the United Nations Net-Zero Banking Alliance.
The nineteen attorneys general served Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Wells Fargo with civil investigative demands, which reportedly act as a subpoena, asking for documents relating to the companies’ involvement with the United Nations Net-Zero Banking Alliance.
Members of the Net-Zero Banking Alliance must set emission reduction targets in their lending and investment portfolios to reach net zero by 2050. Kentucky Attorney General Daniel Cameron, Arizona Attorney General Mark Brnovich, and Missouri Attorney General Eric Schmitt have led the effort to investigate these financial conglomerates.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, Arizona, Arkansas, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Oklahoma, Tennessee, Texas, and Virginia, and five other states serve as the coalition states involved in the investigation into the Wall Street firms’ involvement in the UN green energy alliance.
This investigation serves as the latest action for Republicans to combat Environmental, Social, and Governance investment.Missouri State Employees’ Retirement System from BlackRock, amounting to a $500 million withdrawal from the world’s largest asset manager.Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter
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