, and now the finger-pointing begins. A good place to start is with the bank’s relationships with 1,550 or companies dedicated to fighting climate change — and the little matter of their non-profitability.That’s where investors try and cash in on moves that have yet to be made — on zero emission cars, for example, that haven’t been invented; on reliable solar for widespread adoption, for instance, that is still the stuff of imaginations.
The hope seemed to be pinned on government subsidies, that is, taxpayer dollars, flowing to these companies. Sometimes, hope doesn’t float, though.Kiran Bhatraju, the CEO of the solar managing company Arcadia, in The New York Times. “When you have the majority of the market banking through one institution, there’s going to be a lot of collateral damage.”Money comes.
The fiat system combined with a fanciful investment dream is a double-whammy of doom for fiscal planning and responsibility.
Fact checking, this statement is Partially True.
Of course. As grand as they sound, carbon offsets are just another way for companies to try and make money. They don’t actually do anything for the environment. Not to mention carbon, the building block of life, is not even a danger.