4 ms·
Absolutely correct that they are now quitting these promises. I would go further. Entities which arent banks like blackrock or for that matter countries are al
by incomingpain 3y ago
Absolutely correct that they are now quitting these promises.
I would go further. Entities which arent banks like blackrock or for that matter countries are also quitting these promises. Recently withdrawing from the United Nations climate alliance. Largely speaking blackrock's move to withdraw from these resulted in massive losses to the "ESG" indexes.
https://www.reuters.com/business/environment/germanys-climate-efforts-not-enough-hit-2030-targets-experts-say-2023-08-22/ https://www.reuters.com/business/environment/germanys-climat...
Germany for example in a major energy crisis had to choose fossil fuels and sign on to multidecade contracts dispelling any thoughts they will continue with climate efforts.
Here in Canada, the next election is October 20, 2025 unless they can prove Canada has been invaded by a foreign nation or that there's an ongoing rebellion. They are even still obligated to receive approval from the conservatives(2/3rds vote) to postpone the election. Which I very much doubt will ever happen. Upon winning, the conservatives plan to scrap basically all climate initiatives especially the carbon tax.
Though the Canadian part of 'extinction rebellion' which really is just the same people behind the oil blockades in 2020 has asserted they will be forced to be that rebellion to prevent the conservatives from coming to power.
I wonder if the threats are legitimate.