Even as Americans endure the financial burden of high gas prices, a group of Democratic lawmakers is pushing climate alarmism by pressing the Fed to require financial institutions to cease fossil fuel financing.
“To protect the stability of the U.S. financial system, the Federal Reserve must thoroughly understand and address climate risks and ensure that the financial institutions it oversees do the same, including by requiring them to reduce fossil fuel-financed emissions in line with science-based climate targets,” the legislators declared in their letter to Federal Reserve System board of governors chair Jerome Powell.
“Although banks are already claiming to support reducing financed emissions, even achieving net-zero emissions by 2050, they continue to finance the fossil fuel industry to the tune of hundreds of billions of dollars annually,” the letter states.
I’ll say it again. Why is this being allowed to happen. This President, both the House and Senate, even down to our local officials, seem either “Hell Bent” in destroying the USA and our lifestyle, or they’re just plain stupid. China has got to be shaking their heads in total disbelief and amazement at how the USA is inflicting self destruction upon itself.
FIRE THE WOKE they can go BROKE !!!!!!!
Biden trying to STARVE Americans all he can before being THROWN THE HELL OUT OF OFFICE !!!!!!!
GAS / Electric Bills / Food HAS TO GO DOWN because we cannot afford these inflated prices !!! FACT