Why the Investigation of These Wall Street Banks Matters to You

 In Articles, Drenda On Guard, Government

Once an obscure acronym, ESG (Environmental Social Governance) is now arguably the most powerful means of advancing Marxist ideologies globally and perhaps the elite’s greatest assault on the U.S. economy.

So, what is ESG? Like China’s social credit system that monitors and ranks the trustworthiness of its own citizens, companies, and government entities, ESG is the rating system of a company’s adherence to certain “woke” agendas, principally global climate initiatives.[i] In very simplified terms, the more left a company leans, the higher the score and more credit in national and international markets. Conversely, the lower the score, the less investability, access to capital, and higher cost of funds.[ii]

However, ESG is not a rating system imposed by a Communist regime like China. No, this is happening in the largest financial institutions in the United States—with the United Nations (UN) pulling the strings!

But conservative states are not standing for it! On October 19, 2022, Missouri, Arizona, Arkansas, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Oklahoma, Tennessee, Texas, Virginia, and five other unnamed states launched an investigation through their attorneys general into six major Wall Street banks—Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Wells Fargo—for their participation in the UN’s Net-Zero Banking Alliance and involvement in ESG investing.[iii] These banks are believed to have “collectively agreed that their lending practices will reflect the [UN’s] target of net-zero greenhouse gas emissions by 2050, with interim targets in 2030.”[iv]

These 19 states are “leading a coalition investigating banks for ceding authority to the UN, which will only result in the killing of American companies that don’t subscribe to the woke climate agenda,” per Missouri State Attorney General Eric Schmitt. “These banks are accountable to American laws—we don’t let international bodies set the standards for our businesses,” he added.[v]

ESG, particularly when enforced through private enterprise under the direction of the UN, is nothing but a means to advance Marxist ideologies, phase out fossil fuels, eradicate small businesses, wipe out entire industries, such as meat and coal, destroy the American economy, and concentrate wealth into a global government.[vi] [vii] I applaud these attorneys general for taking serious action against this scheme and pray that many more states will join them!

There are things that you can do too! I encourage you to:

  • Contact your attorney generals, governors, and state and federal representatives and to advocate for the elimination of ESG investing by major banks as a violation of fiduciary duty to investors and unlawful circumvention of the legislative process.

Find your state and congressional representatives here.

Find your state and federal senators here.

  • You can also investigate the institutions holding your personal cash and investments along with the companies and funds they are investing in with your money.

Much is at stake! ESG is but an introduction to social credit systems like China’s in the US. Today, they may be targeting companies, but tomorrow they may be targeting nonprofits, churches, and even you! On this mountain, we must fight like heaven!

Fight Like Heaven! covers global financial schemes, the UN, the climate agenda, the mountains they affect, and how we can take them back for the Kingdom of God! Get your copy of Fight Like Heaven! HERE.

Also, be sure to SUBSCRIBE to my YouTube channel, Drenda on Guard, for the latest coverage of national and global events that impact these mountains.

[i] Teny Sahakian, “ESG Scores Similar to China’s Social Credit System, Designed to Transform Society, Think Tank Director Says,” http://www.foxbusiness.com/economy/esg-scores-similar-china-social-credit-system-designed-to-transform-society-think-tank-director-say, May 18, 2022.

[ii] Chadwick Hagan, “In the United States, ESG Economics Don’t Add Up,” https://www.theepochtimes.com, September 20, 2022.

[iii] Kelly Laco, “19 States Investigate Major US Banks for Pushing ESG Policies ‘Killing’ American Companies,” https://www.foxbusiness.com/politics/19-states-investigate-major-us-banks-pushing-esg-policies-killing-american-companies, October 19, 2022.

[iv] Dusty Hagedorn, “A Coalition of Republican Attorneys General Target banks for Net-Zero Alliance Membership,” https://www.ai-cio.com/news/a-coalition-of-republican-attorneys-general-target-banks-for-net-zero-alliance-membership, October 25, 2022.

[v] Ben Zeisloft, “Conservative Attorneys General Investigate Six Major Banks For Wokeness,” https://www.dailywire.com/news/conservative-attorneys-general-investigate-six-major-banks-for-wokeness, October 19, 2022.

[vi] Marina Leiva, “ESG Compliance out of Reach for the Meat Industry,” https://www.investmentmonitor.ai/sectors/agribusiness/meat-industry-esg-investing-alternative, June 2, 2022.

[vii] Masooma Haq and Jan Jekielek, “Americans Must Fight against ESG Agenda to Save Economy, Way of Life: West Virginia Treasurer,” https://www.theepochtimes.com, September 22, 2022.

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