Federal Reserve Board announces that six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks https://www.federalreserve.gov/newsevents/pressreleases/other20220929a.htm
The reason why I called this a "garbage" article is because author jumps from "climate scenario analysis" to "the ruling class’s preferred enviro statist technocratic tyranny" in short order.
If you actually read similar CB policies they are looking to understand the economic impacts if businesses were to switch to a net-zero emissions policy (and whether or not this is even feasible). Additionally, they intend evaluate the costs due to insurers in natural disasters.
Problem 1: Banks are conducting this investigation
Problems 2: No one investigates a capability they aren't trying to deploy for operational use. This is military mindset 101, and these banks are not a humanitarian organization, they are militant.
This isn't just checking what will happen, this is checking how to get it to work.
I spent ten minutes trying to get the title down to the 80 characters or whatever SN permits for a post. Jordan's title for the Dossier issue fit almost perfectly.
This article is garbage
This is the article this article is writing about:
https://archive.ph/EZFZD
And, from the horse's mouth:
Federal Reserve Board announces that six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks
https://www.federalreserve.gov/newsevents/pressreleases/other20220929a.htm
The reason why I called this a "garbage" article is because author jumps from "climate scenario analysis" to "the ruling class’s preferred enviro statist technocratic tyranny" in short order.
If you actually read similar CB policies they are looking to understand the economic impacts if businesses were to switch to a net-zero emissions policy (and whether or not this is even feasible). Additionally, they intend evaluate the costs due to insurers in natural disasters.
Problem 1: Banks are conducting this investigation
Problems 2: No one investigates a capability they aren't trying to deploy for operational use. This is military mindset 101, and these banks are not a humanitarian organization, they are militant.
This isn't just checking what will happen, this is checking how to get it to work.
This is what you should have posted the in the first place XD
I spent ten minutes trying to get the title down to the 80 characters or whatever SN permits for a post. Jordan's title for the Dossier issue fit almost perfectly.
I would have went with "FED Testing ESG Capabilities with Member Banks"
Don't buy Bitcoin user, that's bad for the environment and we might have to shutdown your account if you keep doing that.