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Missouri Attorney General Eric Schmitt is leading 19 state AG’s in an investigation of some of the country’s largest banks, alleging improper and illegal practices involving radical environmental goals known as ESG (Environmental Social and Governance).
In a 19 October press release, the Missouri AG announced that six banks have been served with subpoenas asking for documents relating to their involvement with the UN’s “Net-Zero Banking Alliance.”
The banks are facing heat for alleged biased practices and policies regarding not only crucial “fossil fuel” companies, but even farmers, who have been progressively targeted as carbon polluters by environmental extremists.
According to the press release:
“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 farmers, oil leasing companies, and other businesses that are vital to Missouri’s and America’s economy will be unable to get a loan because of this alliance,” said Attorney General Schmitt. “We are leading a coalition investigating banks for ceding authority to the U.N., which will only result in the killing of American companies that don’t subscribe to the woke, climate agenda. These banks are accountable to American laws – we don’t let international bodies set the standards for our businesses.”
States that are a part of the legal action include Missouri, Arizona, Arkansas, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Oklahoma, Tennessee, Texas, and Virginia.
The press release notes that five other states have joined, but can’t be named due to state laws or regulations regarding confidentiality.