Climate And The Money Trail

Influencers in the green movement are set for financial benefit.

- F. William Engdahl

Climate. Now who would have thought? The very mega-corporations and mega-billionaires behind the globalisation of the world economy over recent decades, whose pursuit of shareholder value and cost reduction has wreaked so much damage to our environment both in the industrial world and in the underdeveloped economies of Africa, Asia, Latin America, are the leading backers of the "grassroots" decarbonisation movement from Sweden to Germany to the USA and beyond.

Is it pangs of guilty conscience, or could it be a deeper agenda of the financialisation of the very air we breathe and more?

Whatever one may believe about the dangers of CO 2 and risks of global warming creating a global catastrophe of 1.5 to 2 degree Celsius average temperature rise in the next roughly 12 years, it is worth noting who is promoting the current flood of propaganda and climate activism.

Green Finance

Several years before Al Gore and others decided to use a young Swedish school girl to be the poster child for climate action urgency, or in the USA the call of Alexandria Ocasio-Cortez for a complete reorganisation of the economy around a Green New Deal, the giants of finance began devising schemes for steering hundreds of billions of future funds to investments in often worthless "climate" companies.

In 2013 after years of careful preparation, a Swedish real estate company, Vasakronan, issued the first corporate "green bond." They were followed by others including Apple, SNCF and the major French bank Credit Agricole.

In November 2013 Elon Musk's problem-riddled Tesla Energy issued the first solar asset-backed security. Today according to something called the Climate Bonds Initiative, more than $500 billion in such green bonds are outstanding.