FCLT Global; World Economic Forum; CPPIB; Ontario Teachers

The Elementary Teachers Federation of Ontario supporting forcing masks on kindergarten students. It’s interesting, since their pension fund is partnered with the World Economic Forum. It’s also part of the group Focus on Capital Long Term Global. How deep does this rabbit hole go?

1. More On The International Banking Cartel

For more on the banking cartel, check this page. See who is really controlling things, and the common lies that politicians and media figures tell. The bankers work with the climate mafia and pandemic pushers to promote mutual goals of control and debt slavery. Many pension funds also seem tied to this agenda.

2. Important Links

https://twitter.com/ETFOeducators/status/1371865858046365704
https://www.otpp.com/
https://www.weforum.org/organizations/ontario-teachers-pension-plan
https://www.fcltglobal.org/
https://www.fcltglobal.org/mission/
https://www.fcltglobal.org/team-member/lady-lynn-forester-de-rothschild/
https://www.fcltglobal.org/team-member/larry-fink/
https://www.weforum.org/partners
https://www.baincapital.com/about-us
https://www.blackrock.com/us/individual/about-us/sustainability-resilience-research
https://www.weforum.org/people/mark-wiseman
https://www.blackstone.com/
https://www.cppinvestments.com/
https://www.otpp.com/
https://www.weforum.org/agenda/authors/jo-taylor

3. Focus On Capital Long Term Group

Millions of people around the world are saving money to meet personal goals – funding a comfortable retirement, saving for someone’s education, or buying a home, to name a few.

The funds to support these goals are safeguarded by institutional investors – pension funds, sovereign wealth funds, insurers, and asset managers – who invest in companies for the prospect of growth and security. These savers, their communities, and the institutions that support them make up the global investment value chain, and each benefit from long-term decisions in different ways:

Data shows that long-term-oriented investors deliver superior performance, and long-term-oriented companies outperform in terms of revenue, earnings, and job creation. But despite overwhelming evidence of the superiority of long-term investments, short-term pressures are hard to avoid. A majority of corporate executives agree that longer time horizons for business decisions would improve performance, and yet half say they would delay value-creating projects if it would mean missing quarterly earnings targets.

  • Aberdeen Asset Management
  • APG Asset Management
  • Baillie Gifford
  • Bain Capital
  • Barclays
  • BlackRock
  • Blackstone
  • Bloomberg
  • BP
  • Bridgewater Associates
  • Brookfield Asset Management
  • CPP Investments
  • Carlyle Group
  • Cisco
  • De Brauw Blackstone Westbroek
  • Dow
  • Edelman
  • EQT
  • EY
  • Federated Hermes
  • Fidelity Investments
  • Future Fund
  • Generation Investment Management
  • GIC
  • GlaxoSmithKline
  • Goldman Sachs
  • Hillhouse Capital
  • Hong Kong Monetary Authority
  • IFM Investors
  • Inclusive Capital Partners
  • Kempen Capital Management
  • KPMG
  • La Caisse de dépôt et placement du Québec
  • Mastercard
  • McKinsey & Company
  • MFS Investment Management
  • MSCI
  • Nasdaq
  • Natixis Investment Managers
  • Neuberger Berman
  • New Zealand Super Fund
  • Norges Bank Investment Management
  • Nuveen Asset Management
  • Ontario Teachers’ Pension Plan
  • PSP Investments
  • Royal DSM
  • Russell Reynolds Associates
  • Schroders
  • Snow Lake Capital
  • State Street Corporation
  • Sullivan & Cromwell
  • Syngenta Group
  • Tata Sons
  • Temasek
  • TPG Capital
  • Unilever
  • Vista Equity Partners
  • Wachtell, Lipton, Rosen & Katz
  • Walmart
  • Washington State Investment Board
  • Wellington Management

Not only are these organizations part of FCLT Group, but most are also partners of the World Economic Forum. It seems that asset management and social justice are joining forces. Ideologically, FCLT Group and WEK seem to align.

As a side note: Lady Lynn Forester de Rothschild is one of the Strategic Advisors of FCLT Group. She also sits on the Trilateral Commission.

Let’s take a look at some of the companies in this group. These reviews hardly cover everything, but are to show some of the more interesting details of those involved. While nothing presented here proves anything underhanded is going on, the extensive connections are too great to ignore.

4. Bain Capital

Guidelines For Responsible Investment
With approximately $120 billion in assets under management, Bain Capital and its business units utilize a strategic, fact-based and diligence-driven investment approach that by definition includes a multitude of environmental, social and governance (ESG) considerations.

Bain Capital believes that these ESG practices lead to better investment outcomes while considering the firm’s broader impacts on the environment and society. The firm takes its responsibility seriously and continually monitors the broad consequences of every investment to ensure we are taking all of our stakeholders’ needs into account. By living these values, we create lasting impact for our investors, teams, businesses and communities where we live and work.

Bain Capital is an American, multinational investment firm. It was co-founded by Mitt Romney, the ex-Massachusetts Governor, 2-time Presidential Candidate, and current Utah Senator. Like other firms, Bain is moving more and more into the en

Romney’s business history is interesting, and it includes start up money from Robert Maxwell, father of accused sex trafficker Ghislaine Maxwell.

5. Blackrock

Blackrock is a large, multinational investment firm. Lately, it has adopted the mantra of sustainable investing, and bringing that ideology into everything that it does.

Larry Fink is a Strategic Advisor for FCLT, and is the head of Blackrock, which he cofounded with several others. According to his profile:

“Mr. Fink serves as a member of the Board of Trustees of New York University and is Co-Chairman of the NYU Langone Medical Center Board of Trustees. Mr. Fink also serves on the Boards of The Museum of Modern Art (MoMA), the Council on Foreign Relations and Robin Hood, the poverty-fighting charitable organization. He is also an Executive Committee member of The Partnership for New York City, the economic development organization.”

Blackrock also owns SNC Lavalin. That Quebec based firm has been involved in serious corruption scandals in recent years. However, thanks to its vast political connections, and lobbying everyone in Parliament, it has been able to get away from most of it.

Lavalin owes much of its success in lobbying for a deferred prosecution agreement to Bruce Hartley, and William Pristanski. Hartley worked in the Liberal Government of Jean Chretien, and Pristanski worked for the Conservative Government of Brian Mulroney. They influence both major parties at the Federal level.

6. Blackstone

Building on more than a decade of sustainability efforts, we are launching a program to reduce carbon emissions by 15% across all new investments where we control energy usage.

Over the last decade, Blackstone has helped its portfolio companies and properties improve their energy efficiency—generating meaningful savings while positively impacting the environment. Today, we are expanding these sustainability efforts by setting a goal of 15% carbon emissions reduction across all new investments where we control energy usage. We will support them in achieving this goal with a set of tools and resources to reduce their carbon footprint.

Another investment firm supporting ESG. This is unique in that it has former Prime Minister Brian Mulroney sitting on the Board of Directors

Rochelle B. Lazarus is a Board Member, and also sits on the Board of Merck (a pharmaceutical company), and on the Council on Foreign Relations. Director Ruth Porat also is part of the CFR. Former U.S Senator Kelly A. Ayotte was an advisor for Microsoft.

Blackstone also owns G4S, the private security firm that Brian Pallister brought into Manitoba as “extra help”. G4S runs detention services, and is involved in surveillance and intelligence gathering.

7. CPP Investments

At CPP Investments we consider responsible investing simply as intelligent long-term investing. Over the exceptionally long investment-horizon over which we invest, ESG factors have the potential to be significant drivers – or barriers – to profitability and shareholder value. For these reasons we refer to what many call ‘Responsible Investing’ activities simply as Sustainable Investing.

Given our legislative objective, we consider and integrate both ESG risks and opportunities into our investment analysis, rather than eliminating investments based on ESG factors alone.

As an owner, we monitor ESG factors and actively engage with companies to promote improved management of ESG, ultimately leading to enhanced long-term outcomes in the companies and assets in which more than 20 million CPP contributors and beneficiaries have a stake.

CPP Investments has established governing policies, approved by our Board of Directors, to guide our ESG activities. Our Policy on Sustainable Investing establishes how CPP Investments approaches ESG factors which aligns with our legislative objective to maximize long-term investment returns without undue risk of loss. Our Proxy Voting Principles and Guidelines provide guidance on how CPP Investments is likely to vote on matters put to shareholders and communicate CPP Investments’ views on governance matters.

The Canada Pension Plan Investment Board (CPPIB), is supposed to manage the national pension plan of Canadians.

There are several things to mention. First, in an honest accounting of the pension plan, there would be over $1 trillion in unfunded liabilities. It is propped up through ever increasing amounts of contributions. Second, this can only be propped up by an increasing contribution base — such as importing the 3rd World. Third, the overwhelming majority is invested outside of Canada. Fourth, the plan has thoroughly embraced the ESG doctrine (environment, social, governance).

Canadian pension funds shouldn’t be involved in social engineering, especially abroad. It should be used domestically in ways that put Canadians to work.

8. Goldman Sachs

Goldman Sachs has long been a stepping stone for bankers to eventually land positions in the U.S. Government. Indeed, many such people have ended up in the Treasury Department, under both Democrat and Republican Administrations. It’s too extensive to properly list here.

Another ex-Goldman employee is Mark Carney. He formerly headed both the Bank of Canada, and the Bank of England. He is now in charge of the UN Climate Action Finance, and has openly threatened to bankrupt firms that don’t play along with the climate change agenda.

9. La Caisse de dépôt et placement du Québec

Quebec is not part of the Canada Pension Plan, and instead, operate their own version of it. Both are pumping money into the eco-agenda. It seems that not much is really that different.

10. Mastercard

Some of the important things were included in an earlier piece. This is still relevant even now. Mastercard has been involved in facilitating mass migration from the 3rd World to the 1st. As a major payment processor, they stand to make enormous amounts of money from increasing their customer base. As cashless societies and digital currencies become more of a reality, credit card companies stand to benefit. They have also used their influence to cause significant financial headaches to people and organizations that don’t ideologically align.

11. Ontario Teachers Pension Plan

Mark [Weissman] is a Senior Managing Director at BlackRock, Global Head of Active Equities, Chairman of its Alternatives business, and Chairman of BlackRock’s Global Investment Committee. He also serves on BlackRock’s Global Executive Committee. Prior to joining BlackRock in 2016, Mark was President & CEO of the Canada Pension Plan Investment Board (CPPIB). Mark joined CPPIB in June, 2005 as the organization’s Senior Vice-President, Private Investments. He was later named Executive Vice-President, Investments, responsible for managing all of the investment activities of CPPIB. He was named President & CEO in 2012. Prior to joining the CPPIB, Mark was responsible for the private equity fund and co-investment program at the Ontario Teachers’ Pension Plan. Previously, Mark was an officer with Harrowston Inc., a publicly traded Canadian merchant bank and a lawyer with Sullivan & Cromwell, practicing in New York and Paris. He also served as a law clerk to Madam Justice Beverley McLachlin at the Supreme Court of Canada.

Mark Weissman is a managing Director at Blackrock. He also used to work for both the Ontario Teachers Pension Plan, and the CPPIB.

Bill Chinery is currently a Director at OTPP, and until 2013, he was the CEO of Blackrock Asset Management.

Jo Taylor, the President and CEO of the Ontario Teachers Pension Plan, is featured prominently by the World Economic Forum. Just a few days ago, he penned an article for WEF, promoting the “net zero” carbon agenda. OTPP has fully embraced the climate agenda, and is pouring more of members’ money into it.

The OTPP seems to support what’s going on with this “pandemic”. Seems that it filters down to the schools, and to classrooms themselves. And why are schools so willing to use remote learning? Could be partly because Zoom is also a partner with the World Economic Forum.

12. Walmart

This was addressed earlier, but Walmart has actually done quite well lately. It certainly helps that their small business competitors in places like Ontario have been all but crushed. It seems that the rampant lobbying has paid for itself, many times over.

Bruce Hartley and William Pristanski are certainly busy.

13. Some Thoughts On The Matter

These connections are nowhere near the entire story. However, a deep dive needs to be done into the various pension funds and asset management companies who are now fully aligned with the climate change agenda, and with the Great Reset.

Corporations venturing into new areas isn’t anything new, and isn’t (on its own) any reason to be alarmed. However, when everyone seems to be on board with the same things, it does raise the concerns about collusion.

Back to the initial photo: the Elementary Teachers Federation of Ontario supports forcing kindergarten students to wear masks. Most people would consider this to be child abuse. Could it be out of concern for the students? Or, is ETFO acting on behalf of a much, MUCH larger agenda?

These aren’t just partners making a profit. They are helping to prop up and promote the World Economic Forum, and their agenda. WEF openly supported — and facilitated — lockdowns and shutting down of society in order to crash economies globally. Now, the idea is to “build back better”.

IBC #11(B): World Economic Forum Partnering With Major Banks, Pension Funds

This may be nothing, but should we be worried that the World Economic Forum has partnered with the banking industry, asset management groups, pharmaceutical companies, and other major corporations?

1. More On The International Banking Cartel

For more on the banking cartel, check this page. The Canadian Government, like so many others, has sold out the independence and sovereignty of its monetary system to foreign interests. BIS, like its central banks, exceed their agenda and try to influence other social agendas. See who is really controlling things, and the common lies that politicians and media figures tell. The bankers work with the climate mafia and pandemic pushers to promote mutual goals of control and debt slavery.

2. WEF Partners: Banks, Finance, Pensions

  • African Development Bank Group
  • Algebris Investments
  • Al Nowais Investments
  • Banco Bradesco
  • Banco BTG Pactual
  • Banco Safra Brasil
  • Banco Santander
  • Bangchak
  • Bank Julius Baer
  • Bank Leumi Le-Israel
  • Bank Lombard Odier & Co.
  • Bank Mandiri (Persero)
  • Bank of America
  • BlackRock
  • Blackstone Group
  • BMO Financial Group
  • Brightstar Capital Partners
  • Broadridge Financial Solutions
  • Brookfield Asset Management
  • Caisse de dépôt et placement du Québec (CDPQ)
  • Capricorn Investment Group
  • Cassa Depositi e Prestiti
  • Cathay Capital Private Equity
  • Cedar Holdings Group
  • China Construction Bank
  • Citibank
  • CLS Bank International
  • CPP Investments
  • Credit Suisse
  • CVC Capital Partners (Luxembourg)
  • Deloitte
  • Depository Trust & Clearing (DTCC)
  • Deutsche Bank
  • Development Bank of Japan (DBJ)
  • Development Bank of Southern Africa
  • Discovery
  • European Bank for Reconstruction and Development (EBRD)
  • European Investment Bank
  • Fidelity International
  • Fubon Financial Holding
  • Giti Group
  • Glencore International
  • Global Asset Capital
  • Goldman Sachs
  • Grupo Mega
  • HPS Investment Partners
  • HSBC Holdings
  • Industrial and Commercial Bank of China (ICBC)
  • Industrial Development Corporation of South Africa
  • ING Group
  • Inter-American Development Bank
  • Islamic Development Bank
  • Itaú Unibanco
  • Japan Bank for International Cooperation (JBIC)
  • John Keells Holdings
  • JPMorgan Chase & Co.
  • Kcap Holdings
  • Kirin Holdings
  • KPMG
  • Lloyds Banking Group
  • Manulife
  • Mastercard
  • McKinsey & Company
  • Mizuho Financial Group
  • Morgan Stanley
  • MUFG Bank
  • Multilateral Investment Guarantee Agency (MIGA)
  • Nasdaq
  • Nedbank Group
  • NYSE
  • Olayan Financing Group
  • Old Mutual
  • OMINVEST
  • Ontario Teachers’ Pension Plan
  • Pension Danmark
  • Public Institution for Social Security (PIFSS)
  • Qatar Financial Centre (QFC)
  • Qatar Investment Authority
  • Qatar National Bank
  • Rabobank
  • RBC (Royal Bank of Canada)
  • Russian Direct Investment Fund
  • S&P Global
  • S4Capita
  • Saudi Industrial Development Fund
  • Sberbank
  • Scotiabank
  • Sequoia Capital
  • Softbank Group
  • Standard Bank Group
  • Standard Chartered Bank
  • Sumitomo Mitsui Financial Group (SMFG)
  • Takeda Pharmaceutical
  • TD Bank Group
  • Turkey Wealth Fund
  • Unison Capital
  • Visa
  • Vista Equity Partners
  • Vital Capital Fund
  • VTB Bank
  • Zenith Bank
  • Zurich Insurance Group

3. WEF Partners With Major Corporations

  • Alshaya Group
  • Amazon Web Services
  • CVS Health
  • Honda
  • Huawei Technologies
  • Hyundai Motor
  • Lockheed Martin
  • SNC-Lavalin Group
  • The Coca-Cola Company
  • Uber Technologies
  • Walmart
  • Western Union
  • Zoom

4. WEF Partners With Vaccine Pushers

  • AstraZeneca
  • Bayer
  • Bill & Melinda Gates Foundation
  • Facebook
  • Gilead Sciences
  • Google
  • Guangzhou Baiyunshan Pharmaceutical
  • Hikma Pharmaceuticals
  • Johnson & Johnson
  • Jubilant Bhartia Group
  • LinkedIn
  • Microsoft
  • Merck
  • Moderna
  • Novartis
  • Open Society Foundations
  • Pfizer
  • Takeda Pharmaceutical
  • These lists are not exhaustive, and the World Economic Forum does have more partners from these groups. However, it should demonstrate the “types” of organizations who ideologically support this.

    4. WEF’s Plants In Canadian Politics

    Any familiar faces?

    Pensions #3(C): Bill C-12/C-232; Net Zero 2050; OTPP; Green Bonds & Pension Funds

    Bill C-12 has been introduced in the House of Commons. It is to force Canada to formally adopt the “Net Zero Emissions by 2050” environmental agenda. A lot more is going on than simply this legislation. Bill C-232 is a Private Member’s Bill concerning the “Climate Emergency Action Framework”.

    1. Pensions, Benefits, Worker Entitlements

    The public is often unaware of what is happening with their pensions and other social benefits. Often, changes are made with little to no input from the people who are directly impacted by it. Where exactly are the pension funds being held, and is it secure? Unfortunate, but we need to constantly be on top of these things.

    2. Debunking The Climate Change Scam

    The entire climate change industry, (and yes, it is an industry) is a hoax perpetrated by the people in power, run by international bankers. Plenty has also been covered on the climate scam, the propaganda machine in action, and some of the court documents in Canada. Carbon taxes are just a small part of the picture, and conservatives are intentionally sabotaging their court cases.

    3. Important Links

    Bill C-12: Net Zero Emissions By 2050, First Reading
    Bill C-232: Climate Emergency Action Framework
    Bill C-262: Income Tax Changes On Carbon Capture
    MP Dan Albas On Bills C-12/C-232
    Ontario Teachers’ Pension Plan Pledges 2050 Net Zero
    Pledge Of 8 Canadian Companies’ CEOs
    IISD On: Net Zero Asset Owner Alliance
    UN Principles For Responsible Investing, Net Zero
    UNPRI: No More Investments in Coal Industry
    UNPRI On Phasing Out Oil & Gas Industry
    UNPRI: ESG Now Part Of Credit Worthiness
    UN Environment Programme On Net Zero Movement
    Canada Pension Plan Investments

    4. What’s In Bills C-232/C-12?

    Climate Emergency Action Framework
    Climate emergency action framework
    4 (1) The Minister must, in consultation with Indigenous peoples and civil society, develop and implement a climate emergency action framework to achieve the objectives of the Convention on Climate Change respecting the reduction of greenhouse gas emissions. The framework must include measures to
    (a) ensure that Canada meets, at a minimum, the greenhouse gas emissions reduction targets set for 2030 under the Convention on Climate Change;
    (b) ensure a transition towards a green economy by, among other means, increasing employment in green energy, infrastructure and housing; and
    (c) ensure the economic well-being, public health and protection of the natural environment of Canada.

    SUMMARY
    This enactment requires that national targets for the reduction of greenhouse gas emissions in Canada be set, with the objective of attaining net-zero emissions by 2050. The targets are to be set by the Minister of the Environment for 2030, 2035, 2040 and 2045.
    In order to promote transparency and accountability in relation to meeting those targets, the enactment also
    (a) requires that an emissions reduction plan, a progress report and an assessment report with respect to each target be tabled in each House of Parliament;
    (b) provides for public participation;
    (c) establishes an advisory body to provide the Minister of the Environment with advice with respect to achieving net-zero emissions by 2050 and matters that are referred to it by the Minister;
    (d) requires the Minister of Finance to prepare an annual report respecting key measures that the federal public administration has taken to manage its financial risks and opportunities related to climate change; and
    (e) requires the Commissioner of the Environment and Sustainable Development to, at least once every 5 years, examine and report on the Government of Canada’s implementation of measures aimed at mitigating climate change.

    Bill C-232, the Climate Emergency Action Framework, would entrench further Canada’s obligations to Agenda 2030, which was signed in 2015 by Stephen Harper. Wasn’t that supposed to be non-binding?

    Bill C-12 is the so-called Net Zero by 2050. Not only will it shut down entire sectors of the economy, the Finance Minister will be required to consider the impacts of climate change in all future reports.

    4. Conservatives Support Climate Change Hoax

    We know while in Paris, despite often criticizing the former Harper government, ultimately the Liberal government adopted those same targets it said would be a minimum. Of course, we all know today the Liberal government has massively failed to reach that so-called minimum. In fact, some reports suggest the Liberal government may be off the target by 123 million tonnes.
    .
    Obviously that is why we are here today debating this bill and why last week it was Bill C-12. Bill C-12 was quite fascinating from a political perspective. It literally kicks the can so far down the road that it will be up to future governments, and ultimately the government of the day in 2050, to deal with it. How do we get there? There is no road map, no solutions and no costs or penalties for failure. There is more of the same, more promises to do better down the road. They promise.
    .
    However, that is enough about Bill C-12.
    .
    Bill C-232 proposes that, at a minimum, Canada meet the 2030 targets for reducing greenhouse gas emissions set under the United Nations Framework Convention on Climate Change.
    .
    Much like Bill C-12, this bill does not say anything at all about how this will actually be done. The underlying promise of every federal government to date has been a return to the targets set by Mr. Chrétien in 1993. It is easy to make promises about targets, but not as easy to meet them.
    .
    To be frank, I do not think that we will need both Bill C-232 and Bill C-12 going forward. One of them will be enough. To end the suspense, I will be clear and say that I already support Bill C-12. I will not support Bill C-232 as it now stands, and I will explain why.

    This pattern is extremely common among “Conservative” politicians, both Federally and Provincially. They will argue ad nauseum of minor details of implementation, to give the illusion of opposition. They pretend to fight, although, in the end, they support the same policies.

    Think that Conservatives will revive the oil & gas sector, if they ever regained power? Nope, they are fully committed to letting industries like that die off.

    5. Ontario Teachers’ Pension Plan, Net Zero

    January 21, 2021
    .
    TORONTO, ON – Building on over a decade of climate change efforts, Ontario Teachers’ Pension Plan Board (Ontario Teachers’) today announced its commitment to achieve net-zero greenhouse gas emissions by 2050. This is a meaningful decision that advances Ontario Teachers’ mission to deliver retirement security for its members, while creating a positive impact for its partners and the communities where it operates.

    “As a global pension plan, we will leverage our scale and influence to transition to a low-carbon economy and create a sustainable climate future,” said Jo Taylor, President and CEO. “With coordinated action net zero by 2050 is an ambitious but achievable goal. We are committed to playing our part alongside other organizations and governments around the world to effect significant, positive change.”

    Climate change is one of the greatest challenges faced by society and businesses today. The effects of global warming, from rising sea levels and devastating floods to disrupted weather patterns and destructive storms, are clear and wide-ranging.

    “While the transition to the low-carbon economy presents many challenges, it also presents many opportunities to earn the returns we need to pay our members’ pensions while more broadly benefiting society and the environment,” said Ziad Hindo, Chief Investment Officer.

    The OTTP, Ontario Teachers’ Pension Plan, announced a few days ago that it would be adopting the “Net Zero” initiative. Contributions will now be funneled through environmental causes that are virtuous. In short, this is a way to monetize the eco-push.

    Not only will carbon taxes be funneled to various U.N. groups, but it seems that their pensions will be as well. It would be interesting to know if the members ever voted on this.

    6. Investment Plans And Environmentalism

    Kevin Uebelein
    Chief Executive Officer
    Alberta Investment Management Corporation

    Gordon J. Fyfe
    Chief Executive Officer
    Chief Investment Officer
    British Columbia Investment Management Corporation

    Charles Emond
    President and Chief Executive Officer
    Caisse de dépôt et placement du Québec

    Mark Machin
    President and Chief Executive Offier
    Canada Pension Plan Investment Board

    Jeff Wendling
    President and Chief Executive Officer
    Chief Investment Officer
    Healthcare of Ontario Pension Plan

    Blake Hutcheson
    President and CEO
    Ontario Municipal Employees Retirement System

    Jo Taylor
    President and Chief Executive Officer
    Ontario Teachers Pension Plan

    Neil Cunningham
    President and Chief Executive Officer
    Public Sector Pension Investment Board

    CEO-Statement-CEO-Signatures-EN-Nov25-2020

    The heads of 8 asset management/pension funds have recently signed a pledge to insert the climate change agenda into their investment decisions.

    7. Net Zero Asset Owner Alliance

    23 September 2019: An alliance of the world’s largest pension funds and insurers committed to achieve carbon-neutral investment portfolios by 2050. Participating pension funds and insurers launched the UN-convened ‘Net-Zero Asset Owner Alliance’ at the UN Secretary-General’s Climate Action Summit.

    Allianz, Caisse des Dépôts, La Caisse de dépôt et placement du Québec (CDPQ), Folksam Group, Pension Danmark and Swiss Re initiated the Alliance at the beginning of 2019. Alecta, AMF, CalPERS, Nordea Life and Pension, Storebrand and Zurich have now joined as founding members. The Alliance brings together pension funds and insurers that are responsible for directing over USD 2.4 trillion in investments. These asset owners represent some of the largest pools of capital in the world and typically have highly diversified investment portfolios that are exposed to all sectors of the global economy.

    Some 13 organizations — insurers and pension funds — representing some $2.4 trillion in assets banded together to found this group. It’s only expected to grow in numbers and overall value. That is, of course, until the eco-bubble bursts.

    8. UN Principles For Responsible Investment

    The UN-convened Net-Zero Asset Owner Alliance commissioned the Institute for Sustainable Futures (ISF) at the University of Technology Sydney (UTS) to apply their One Earth Climate model to sectors as defined by sector classification schemes commonly used in finance, with the aim to develop sectoral pathways to net zero by 2050 with carbon emissions (scope 1-2) and energy intensity and carbon intensity (scope 1-2) milestones in 5-year intervals for agreed high emitting sectors.

    UNPRI is trying to embed the climate change agenda into all major business and pension related decisions. Recent decisions include eliminating investments for coal, and phasing out oil & gas.

    9. Merging ESG Factors And Credit Risk

    We, the undersigned, recognise that environmental, social and governance (ESG) factors can affect borrowers’ cash flows and the likelihood that they will default on their debt obligations. ESG factors are therefore important elements in assessing the creditworthiness of borrowers. For corporates, concerns such as stranded assets linked to climate change, labour relations challenges or lack of transparency around accounting practices can cause unexpected losses, expenditure, inefficiencies, litigation, regulatory pressure and reputational impacts.

    Typically, a person’s or company’s credit risk was determined by their payment history, and ability to pay off future debts. Now, the ESG factors will be considered as well.

    10. UN Environment Program, Committments

    New York, 23 September, 2019 – In one of the boldest actions yet by the world’s largest investors to decarbonize the global economy, an alliance of the world’s largest pension funds and insurers – responsible for directing more than US$ 2.4 trillion in investments – has today committed to carbon-neutral investment portfolios by 2050.

    This commitment by the newly launched, United Nations-convened Net-Zero Asset Owner Alliance was announced today at the UN Secretary-General’s Climate Action Summit, which brought together governments, companies and civil society to strengthen commitments and accelerate the implementation of the Paris Agreement on Climate Change.

    The Net-Zero Asset Owner Alliance is an example of investors stepping up to protect people and planet with the knowledge that companies that transform their businesses to deliver a low carbon economy will benefit most from the opportunities presented by climate change.

    In the Fall of 2019, the UN Environment Programme announced this effort to transition into a low Carbon economy. Already, trillions of dollars were available for the change in investment strategy.

    What to wonder what will happen to those oil & gas workers in Western Canada who have been put out of work because of political ideology. Doesn’t look like those jobs are coming back.

    11. CPP Investment Board, Green Bonds

    Green Bonds started off as a novelty over a decade ago. Now, they are seen as a legitimate item to invest in. It’s difficult to see to what degree this move is altruism, and what is opportunism.

    But in any event, organizations like CPPIB have made the business decision that certain industries are not worth investing in. As this pattern grows, and access to capital drops, more businesses will have to downsize or shut down.

    12. Low-Carbon Transition Not Voluntary

    Will this “transition” be voluntary? Will people and companies be free to make their own decisions when it comes to embracing (or rejecting) the green agenda? Not really. People like Mark Carney, now head of U.N. Climate Action & Finance, have made overt threats: play ball or go bankrupt.

    Who’s Pulling Erin O’Toole’s Strings?

    So who is Erin O’Toole, the Leader of the Conservative Party of Canada? What does he believe, and what does he stand for? Turns out, the answers are pretty bad. The CPC is just a parody of an opposition party (6uild 6ack 6etter is now 6uild 6ack “stronger“).

    1. Important Links

    https://twitter.com/erinotoole/status/1351658366406438914
    https://www.conservative.ca/cpc/build-back-stronger/
    O’Toole Supports Even More Draconian Measures
    Walied Soliman, Sick Kids Toronto Director
    Walied Soliman Wins Global Citizen Of The Year Award
    O’Toole Lobbied By NCCM, Anti-Free Speech
    O’Toole Lobbied By CIJA, Anti-Free Speech
    Jeff Ballingall, Canada Proud
    Erin O’Toole Pushing FIPA In House Of Commons
    Full Text Of FIPA With China
    CANZUK International Website
    James Skinner’s LinkedIn Page
    CPC On The Climate Change Agenda
    O’Toole, Private Member’s Bill C-405
    Lobbying By SNC Lavalin For Deferred Pros. Agreement
    Aga Khan Lobbies O’Toole For Funding
    https://twitter.com/DerekSloanCPC/status/1351314995133501443
    Derek Sloan’s Petition e-2961

    2. O’Toole Chief Of Staff Walied Soliman

    Walied Soliman, O’Toole’s Chief of Staff, has been a Director of Sick Kids Hospital Toronto since 2012. Sick Kids is heavily funded by the Bill & Melinda Gates Foundation. One has to wonder if that is why O’Toole is so supportive of restrictive measures and lockdowns in general.

    Soliman was awarded “Global Citizen Of the Year” in 2019. He’s also part of the National Council of Canadian Muslims, which is pushing hate speech laws in Canada.

    3. Ties To Anti-Free Speech Lobby

    The National Council of Canadian Muslims, (NCCM) and the Centre for Israel and Jewish Affairs, (CIJA), are just 2 groups working to rewrite the laws in Canada on hate speech. While this is marketed in a harmless manner, the devil’s in the details about what may be included.

    4. Ties To Vaccine/Pandemic Industry

    Why is O’Toole so vaccination happy? It could be the rampant pharmaceutical lobbying that has been going on, of all major parties. To the lay observer, it looks like he is fulfilling the wishes of special interests, instead of those of Canadians.

    This is true with GAVI as well, which is also Gates funded. GAVI and Crestview Strategy lobbied the Office of the Official Opposition as well. At the time, this was Andrew Scheer. However, it seems doubtful that O’Toole’s stance will be any different.

    5. Heenan Blaikie, Desmarais, Facebook

    Before getting into Parliament, O’Toole worked for the law firm Heenan Blaikie (which is now defunct). It’s the same firm that Jean Chretien and Pierre Trudeau worked for. The Desmarais Family also had connections the the company.

    In his duties, O’Toole also acted as a lobbyist for Facebook, trying to influence the Government of Stephen Harper — which he later became part of.

    6. Jeff Ballingall, Canada Proud

    O’Toole’s campaign was aided by Jeff Ballingall, and a group called Canada Proud. This is an NGO that tries to promote “conservative” politicians and movements. There are Provincial efforts as well, including Ontario Proud, which helped install Doug Ford into power. O’Toole was helped along by social media pros who got him more attention.

    Side note: Ballingall works for The Post Millennial, which is owned by Matthew Azrieli. He is the grandson of the late David Azrieli, media mogul and billionaire.

    7. FIPA, Selling Out Canada To China

    Upon entering the House of Commons, O’Toole worked as a Parliamentary Secretary for the Minister of International Trade. His first major gig was pushing FIPA, an agreement which sold Canadian sovereignty to China for a minimum of 31 years. Even after all this time, there’s no indication O’Toole regrets his involvement. See this earlier review on FIPA.

    8. CANZUK, Open Borders Agreement

    CANZUK is an acronym (Canada, Australia, New Zealand, and United Kingdom). The group, CANZUK International, is in a compaign for a treaty that would open borders between those countries. More countries could eventually be added. James Skinner, the head of the group, also worked for the CPC, and it looks like CANZUK is in fact their creation.

    O’Toole is on record supporting CANZUK, and future expansion as well. He gives a variety of reasons, depending on what the circumstances are.

    9. Open Borders Immigration Agenda

    Would O’Toole and the Conservatives reduce the hordes of people entering Canada each year? Would they do something about the large numbers of students and temporary workers who have pathways to extend? It seems most unlikely.

    The true scale of immigration into Canada has been covered extensively on this site, so no need to rehash it here. But fair to say that O’Toole either lowballs it, or has no clue whatsoever.

    10. Supporting Climate Change Agenda

    Ottawa, ON – Dan Albas, Conservative Shadow Minister for Environment and Climate Change, released the following statement regarding Justin Trudeau’s plan to triple the Carbon Tax:

    “Fighting climate change at home and around the world is an important goal that takes work. Canadians agree on the importance of protecting our environment and natural spaces, and it is an issue that our Party and Leader are passionate about.

    “It’s shameful that the Liberals failed to properly consult provinces on their plan raise the Carbon Tax. The environment is an area of shared jurisdiction and Canada’s Conservatives will respect the jurisdiction of the provinces and territories by scrapping Trudeau’s Carbon Tax. If provinces want to use market mechanisms, other forms of carbon pricing, or regulatory measures, that is up to them.

    “This week, Conservatives put forward a motion to stop the Liberals from raising taxes during the pandemic. Not only did the Liberals vote against our motion, but they are now raising the Carbon Tax even higher. This increase will mean that Canadians will pay more for groceries, home heating, and add up to 37.57 cents per litre to the cost of gas.

    A moment of clarification here: O’Toole and the CPC don’t actually take issue with the climate change agenda itself. Instead, they limit their criticisms specifically to Carbon taxes.

    The disingenuous nature of the Provinces “challenging” the Carbon taxes, while supporting the climate change agenda has also been covered here.

    11. Weakening Protections On Worker Pensions

    Although it ultimately went nowhere, O’Toole previously introduced Private Member’s Bill C-405, which would make it easier for bankrupt companies to transfer employee pensions instead of paying them out. Wonder where he got that idea from.

    12. SNC Lavalin, Deferred Prosecution

    Ever wonder why Conservatives were so tepid on SNC Lavalin getting their deferred prosecution agreement? Could be because they were also lobbied for it. Seems that “tough on crime” has its limits.

    13. Aga Khan Foundation Canada

    Aga Khan Foundation Canada (AKFC) is a registered charity that supports social development programs in Asia and Africa. As a member of the Aga Khan Development Network, AKFC works to address the root causes of poverty: finding and sharing effective and lasting solutions that help improve the quality of life for poor communities. Our programs focus on four core areas: health, education, rural development and building the capacity of non-governmental organizations.

    In the year 2018, the Aga Khan Foundation received roughly $32 million from Canadian taxpayers. It’s a little disturbing to see Conservatives lobbied by this group as well, especially considering the grief they gave Trudeau over his winter vacation.

    14. O’Toole Never Mentions Central Banking

    From time to time, O’Toole will make noises about how Conservatives are better managers of money than Liberals. However, he never talks about private central banking, which is probably the biggest scam in history. He was in Parliament during the Bank of Canada case (so he presumably is familiar with the issue). But he will never talk about it openly.

    15. Why Throw Derek Sloan Under The Bus?

    Derek Sloan, a CPC MP, faces expulsion from his party for accepting a donation of $131 from a so-called “white supremacist”. Is that the real reason for this, or was O’Toole pressured by his pharma handlers after Sloan sponsored? Petition e-2961 referred to these vaccines as “human experimentation”.

    Obviously O’Toole knows for sure, but the claim of a “racist donation” seems like a thinly veiled attempt to dump a politician who is actually critical of the vaccination agenda.

    So who’s pulling Erin O’Toole’s strings? It seems everyone except the Canadian public.

    Bill C-405: Erin O’Toole Tried To Make It Easier For Companies To Transfer Employee Pensions In 2018

    In 2018, the CPC MP for Durham, Erin O’Toole, introduced C-405, a Private Member’s Bill to make changes regarding employee pension plans. While touted as some great overhaul for workers, things are not what they appear to be.

    1. Pensions, Benefits, Worker Entitlements

    The public is often unaware of what is happening with their pensions and other social benefits. Often, changes are made with little to no input from the people who are directly impacted by it. Unfortunate, but we need to constantly be on top of these things.

    2. Important Links

    Private Member’s Bill C-405 Introduced By Erin O’Toole
    Text Of Bill C-405 (First Reading)
    Pension Benefits Standards Act, 1985
    Companies’ Creditors Arrangement Act
    Open Parliament: Announcement From Erin O’Toole
    Open Parliament: Debate On Bill C-405

    3. Bill C-405 Introduced In June 2018

    Bill for Private Members rarely get far in the House of Commons, let alone pass. Often, they are just a way to signal to the sponsor that efforts are being made. O’Toole’s Bill didn’t get anywhere in Parliament, but it’s unclear how serious he was about pushing it.

    4. Pension Benefits Standards Act

    Termination and Winding-up of Pension Plans
    Marginal note:Deemed termination
    .
    29 (1) The revocation of registration of a pension plan shall be deemed to constitute termination of the plan.

    Effect of termination on assets
    .
    (8) On the termination of the whole of a pension plan, all assets of the plan that are to be used for the purpose of providing pension benefits or other benefits continue to be subject to this Act.

    The language of section 29(8) of the Pension Benefits Standards Act is quite clear. Once a pension plan is terminated, the funds must be dispersed to those who have contributed to the plan. Here is part of what O’Toole wanted to add.

    Amendment — liquidation, assignment or bankruptcy of the employer
    (8.‍1) If an employer is the subject of proceedings under the Companies’ Creditors Arrangement Act or Part III of the Bankruptcy and Insolvency Act and the amount required to permit a pension plan to satisfy all obligations with respect to pension benefits and other benefits to be provided under the plan is greater than the assets of the plan, the administrator may
    .
    (a) despite subsection 10.‍1(2) and the terms of the plan, amend the plan to change the nature or form of the pension benefits and other benefits to be provided under the plan; or
    .
    (b) apply to the Superintendent for permission to transfer or permit the transfer of any part of the assets or liabilities of the pension plan to another pension plan.
    Consent to amendment
    .
    (8.‍2) Before a pension plan may be amended or part of its assets or liabilities transferred in accordance with subsection (8.‍1),
    .
    (a) the administrator must provide any prescribed information, in the prescribed manner, to the members or former members, to any other persons entitled to pension benefits and to the representatives of the members or former members and of any other persons entitled to pension benefits; and
    .
    (b) the amendment or transfer must be approved by more than one third of the members or former members and of any other persons entitled to pension benefits or by the representatives of more than one third of the members or former members and of any other persons entitled to pension benefits.
    .
    No action against administrator
    (8.‍3) No action lies against any administrator for amending a plan or for transferring or permitting the transfer of any part of the assets or liabilities of a pension plan to another pension plan in compliance with subsections (8.‍1) and (8.‍2).

    Bill C-405 would have allowed employers to transfer the pension funds rather than pay out if the company were in serious financial difficulties.

    As for the consent, that is an extremely low threshold. Forget a super majority, or even a simple majority. Only 1/3 would have to approve for this to happen. Even worse, the “representatives”, or people claiming to represent the workers could simply approve on their behalf. This seems ripe for abuse.

    While transferring pension funds to another company may make that more solvent, the reality is, those employees did not sign up for it initially. An argument can be made that they should simply be allowed to collect on their entitlements, and walk away. If an opt-out were provided so individual members could cash out, it would nullify a lot of the criticism.

    5. Companies’ Creditors Arrangement Act

    Companies’ Creditors Arrangement Act
    .
    3 The Companies’ Creditors Arrangement Act is amended by adding the following after section 11.‍52:
    .
    Limitation — pension plans
    11.‍53 No order may be made under this Part respecting the approval of a plan offering incentives to certain directors, officers or employees to remain in the employ of the debtor company for the period during which the com­pany is expected to be subject to proceedings under this Act unless the court is satisfied
    .
    (a) if the debtor company participates in a prescribed pension plan for the benefit of its employees, that the relevant parties have entered into an agreement, approved by the relevant pension regulator, respecting the payment of the amounts referred to in subparagraphs 6(6)‍(a)‍(ii) and (iii);
    .
    (b) that the directors, officers or employees are necessary for the successful restructuring or liquidation of the debtor company or for the protection and the maximization of the value of the company’s property;
    .
    (c) that the directors, officers or employees have received a job offer from another person than the debtor company and the offering of the incentives is necessary for their retention in the employ of the debtor company; and
    .
    (d) that the amount of the incentive offer
    .
    (i) is not greater than ten times the amount of a similar incentive offer given to an employee of the debtor company for any purpose during the previous calendar year; or
    .
    (ii) if no incentive referred to in subparagraph (i) was offered, is not greater than an amount equal to 25% of the amount of any similar incentive given to a director or officer of the debtor company for any purpose during the previous calendar year.

    Incentives and bonuses (primarily aimed at officers and directors), would still be allowed to be offered, and not be vulnerable to a court order. However, those incentives would be capped. Seems strange that heads of failing companies should be offered any type of incentives.

    6. Does This Bill Benefit Workers?

    If a company is failing, and going under, the right thing to do is to pay out its pension holdings to the people who have contributed to it. Transferring elsewhere, especially with such a low threshold, seems like shifting the goal posts. At a minimum, those who have contributed should be able to just take a pay out and leave.

    People who run failing companies shouldn’t be getting bonuses, even if they are capped. This just rewards incompetence, often at the cost of other assets of the company.

    The legislation was promoted as a way to protect pensions and to keep them going. However, such transfers (possible with just a minority of support), potentially remove all control from workers. And as with everything, the devil is in the details.

    For now, it appears to be dead.

    IBC #6(D): Green Horizon Summit, The New Business Model

    The “Great Reset” was for a while decried as a conspiracy theory. Now, these people don’t even bother to hide their plans. Now, over the last few days, the Green Horizon Summit has been underway. One of the goals is to flesh out the details for making that reset happen.

    1. More On The International Banking Cartel

    For more on the banking cartel, check this page. The Canadian Government, like so many others, has sold out the independence and sovereignty of its monetary system to foreign interests. BIS, like its central banks, exceed their agenda and try to influence other social agendas. See who is really controlling things, and the common lies that politicians and media figures tell. Now, the bankers work with the climate mafia and pandemic pushers to promote their mutual goals of control and debt slavery.

    2. Mark Carney, Head Of UN Climate Finance

    Some quotes from the November 2020 Climate Horizon Summit. Mark Carney used to be the Head of the Bank of Canada (and later the Bank of England). Now, he heads UN Climate Action and Finance, which will force businesses and Governments into playing ball with the climate change agenda. Interestingly, he talks about Japanese pensions already being poured into this project.

    Carney became somewhat infamous after his public threat that companies who don’t play along with the climate change agenda will go bankrupt.

    3. Green Horizon Summit Supported By WEF

    It’s time to reset the relationship between finance and the real economy. For the sake of our planet, it’s also time for public and private finance to get behind the transition to a sustainable and resilient future for all.
    .
    But with no UN climate conference (COP) this year owing to the COVID-19 pandemic, maintaining momentum on climate action and the economic changes required is vital. From 9-11 November, the Green Horizon Summit: The Pivotal Role of Finance will help do just that.
    .
    Across 10 sessions and three days, the summit will virtually convene more than 2,500 people from around the world to discuss five main themes:
    .
    -Reporting, Risk Management and Return
    Financing the Energy Transition
    -Infrastructure and Green Growth
    -Financing Resilience and Adaptation
    -Nature and Net Zero
    .
    The programme features a line-up of more than 100 global business and climate leaders, including HRH The Prince of Wales, UN Secretary General Antonio Guterres, Breakthrough Energy Founder Bill Gates, ECB Chief Christine Lagarde, UN Special Envoy for Climate Action and Finance Mark Carney and many more.

    The World Economic Forum (of which Chrystia Freeland is a Trustee), supports 100% the Green Horizon Summit. It’s no surprise, given WEF is driving the “Great Reset”. The goals overlap heavily.

    WEF doesn’t even bother to hide their agenda anymore. In fact, many videos of it are freely available online. It’s quite the rabbit hole.

    4. Bill Gates: Founder, Breakthrough Energy

    It’s not enough that Gates is involved in the abortion industry, computers, vaccines, and eugenics. He’s also pushing the climate change agenda as well.

    Mukesh Ambani
    Reliance Industries Limited
    Chairman and Managing Director
    BOARD MEMBER

    John Arnold
    Laura & John Arnold Foundation
    Co-chair
    BOARD MEMBER

    Jeff Bezos
    Amazon
    Founder & CEO

    HRH Prince Alwaleed bin Talal
    Alwaleed Philanthropies
    Chairman

    Michael Bloomberg
    Bloomberg LP
    CEO

    Richard Branson
    Virgin Group
    Founder

    Ray Dalio
    Bridgewater Associates
    Founder

    John Doerr
    Kleiner Perkins Caufield & Byers
    Chairman
    BOARD MEMBER

    Bill Gates
    Bill & Melinda Gates Foundation
    Co-chair
    CHAIR OF THE BOARD

    Reid Hoffman
    LinkedIn
    Co-founder

    Chris Hohn
    The Children’s Investment Fund
    Founder

    Vinod Khosla
    Khosla Ventures
    Founder
    BOARD MEMBER

    Jack Ma
    Alibaba Group
    Executive Chairman
    BOARD MEMBER

    Dustin Moskovitz & Cari Tuna
    Good Ventures
    Co-founders

    Patrice Motsepe
    African Rainbow Minerals (ARM)
    Founder & Executive Chairman

    Xavier Niel
    Illiad Group
    Founder

    Hasso Plattner
    SAP SE
    Co-founder

    Julian Robertson
    Tiger Management
    Founder & Chairman

    David Rubenstein
    The Carlyle Group
    Co-founder and Co-Executive Chairman

    Nat Simons & Laura Baxter-Simons
    Prelude Ventures
    Co-founders

    Masayoshi Son
    SoftBank Group Corp.
    Founder, Chairman & CEO

    Ms. Zhang Xin & Mr. Pan Shiyi
    SOHO China
    Co-founder & CEO, Chairman

    Breakthrough Energy Ventures is a group of investors who are working together in a fund that is patient, flexible, and committed to the guiding principles of Breakthrough Energy – including supporting net-zero emissions technology and ensuring affordable, reliable, and clean energy for all.

    On a semi-serious note: one has to ask if Gates’ desire to have less people on the planet counts as an official solution, or is just a personal preference.

    5. Sean Kidney, Climate Bonds Initiative

    Believe it or not, climate bonds are an actual industry, with serious backers pouring money into it. Sure, the climate bonds are bound to collapse, as they don’t offer anything tangible. However, for a time, they will make some people extremely wealthy.

    6. Daniel Hanna, Standard Chartered Bank

    Standard Chartered has had a long commitment to Sustainable Finance. Our approach brings together three themes. First, we believe in the critical importance of being a responsible institution through managing the potential negative impact that our activities could have through strong environmental, social and governance risk filters. Our Environmental and Social Risk Management team was first established in 1997. Second, we also believe in the power that fnance can have to catalyse a positive impact on our communities and the
    environment. Our dedicated Sustainable Finance team brings together our experience and expertise in managing environmental, social and governance risk as well as spotting opportunities and structuring solutions to drive positive impact financing. Finally, we are focused on where we believe catalysing new sustainable fpnance matters most – regions where more capital is needed to drive sustainable growth and where their pathway to a low carbon future will have a major impact on the world’s ability to meet the Paris Agreement’s goal of keeping global warming well below 2 degrees.

    More on the forced transition into a new economy. Standard Chartered has been around for a while, and is completely on board with the climate change agenda.

    7. Noel Quinn (HSBC), Roger Gifford

    Why does a bank have a climate plan?
    The Paris Agreement signed by global leaders in 2015 set a goal to limit the rise in the planet’s temperature to well below 2 degrees Celsius above pre-industrial levels by 2050. If that target is to be achieved, every organisation in the world has a part to play.

    As a bank, we can help. The most significant impact we can have is helping clients to transition to producing lower carbon emissions through financing and investment.

    We want to be the leading bank supporting the global economy in transitioning to net zero. By net zero we mean reducing emissions added to the atmosphere while increasing the amount taken out, achieving a balance that not only protects the planet but that builds a sustainable and thriving global economy.

    Our international reach and global client network means we can influence and shape fundamental change. For more than 150 years we have opened up opportunities for our customers and communities. Achieving net zero is a huge opportunity the world has to take.

    Complying with the Paris Accord is written right into their mission statement. This is one way to get people to implement your agenda. As a banker, simply refuse to have them as a client unless they make drastic changes. If enough bankers go along, the people are forced into making changes.

    8. Christine Lagarde: European Central Bank

    Climate change and the ECB
    We at the ECB are exploring how we can be effective in the fight against climate change. We are working to identify the risks that climate change can present to the economy and the financial system. Climate change can affect the economy through extreme weather events and uncertainties related to the transition to a low-carbon economy.

    The term “green bond” refers to debt securities whose proceeds are used to finance investment projects with an environmental benefit. There are different approaches to defining and certifying green bonds, and no global market standard has emerged so far.[2] While many green bonds are self-labelled, some jurisdictions have developed their own certification framework and others rely on various different guidelines.[3] As well as reducing transparency for investors, it is believed that the lack of standardised definitions and reporting requirements and the varying granularity of the underlying classifications are holding back supply,[4] inter alia because issuers face reputational risks and potential accusations of “greenwashing” if proceeds are not used for their declared purposes.[5] The ECB supports current EU initiatives under the European Commission’s action plan on sustainable finance to create a harmonised definition of “green” assets (taxonomy), which could improve transparency and facilitate the supply of green debt instruments.

    It’s plain and obvious at this point that the bankers see this “pandemic” as an opportunity to implement a larger social agenda. It’s difficult to believe they weren’t in on it the entire time. The European Green Bonds seem to be thriving, however.

    9. BlackRock: More Then Just Finance

    As an asset manager, BlackRock invests on behalf of others, and I am writing to you as an advisor and fiduciary to these clients. The money we manage is not our own. It belongs to people in dozens of countries trying to finance long-term goals like retirement. And we have a deep responsibility to these institutions and individuals – who are shareholders in your company and thousands of others – to promote long-term value.

    Climate change has become a defining factor in companies’ long-term prospects. Last September, when millions of people took to the streets to demand action on climate change, many of them emphasized the significant and lasting impact that it will have on economic growth and prosperity – a risk that markets to date have been slower to reflect. But awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance.

    The evidence on climate risk is compelling investors to reassess core assumptions about modern finance. Research from a wide range of organizations – including the UN’s Intergovernmental Panel on Climate Change, the BlackRock Investment Institute, and many others, including new studies from McKinsey on the socioeconomic implications of physical climate risk – is deepening our understanding of how climate risk will impact both our physical world and the global system that finances economic growth.

    Bit of trivia here: Blackrock actually owns SNC Lavalin, which has been involved in so much corruption in recent years. Also, Laurence (Larry) Fink is a Trustee of the World Economic Forum. This company claims to take sustainability very seriously.

    10. Bank For International Settlements

    Although not a speaker at the Green Horizon Summit, BIS, the Bank for International Settlements, (a central bank of central banks), is on board with the green agenda. In fact, many central banks are in lockstep with the climate movement.

    This is by no means all of the parties who attended the Green Horizon Summit. But it does represent a sample of the groups were part of it.