(RoyalPatriot.com )- Woke ESG scores and policies are jeopardizing agriculture and farmers as asset managers and banks have committed to “net zero by 2050,” according to The Epoch Times. The commitment is facilitated through the “Glasgow Financial Alliance for Net Zero” and “Climate Action 100,” both U.N.-linked entities.
Should these institutions succeed in labeling farming a threat to the climate, aggressive anti-agricultural policies could reportedly stop the flow of capital to the industry long before consumers begin to feel the effects of such policies in their homes.
Nebraska State Treasurer John Murante said that the “attack has already begun.”
Smaller farmers are especially at risk of being driven out of business for not having the resources to comply with “net-zero” policies. But ESG policies have recently been challenged as states like Louisiana and Missouri liquidated their investment in Wall Street’s Blackrock, according to the Daily Caller.
Louisiana is reportedly pulling out of a $794 million investment in the company and Missouri is following suit by putting an end to its $300 million account with the firm. Blackrock is reportedly investing in anti-fossil fuel policies that State Treasurer John Schroder says will “destroy Louisiana’s economy.”
Murante told The Epoch Times that BlackRock CEO Larry Fink joined former President Bill Clinton at the Clinton Global Initiative meeting in September to discuss using public finances to lobby for ESG policies.
He also said that the increase in prices of fertilizer since 2021 was due in part to ESG that has affected the overall price of energy, as certain investors want companies to quickly divest from fossil fuels. The divestment suggests, however, that they will not fund fossil fuel exploration, which subsequently drives up costs.
When costs are increasing, farming becomes difficult, Murante says, adding that farmers are not “Wall Street bankers.”
“They can’t afford to just absorb a 200 percent increase in their cost of goods and their cost of doing business.”
Missouri State Treasurer Scott Fitzpatrick told The Epoch Times that ESG is indirectly harming food production, adding that when the Securities and Exchange Commission and the Federal Deposit Insurance Corporation (FDIC) propose hard-line ESG policies, then there will be a “significant impact” on agriculture.