Alabama Agriculture Commissioner Rick Pate is one of 12 commissioners nationwide signing onto a letter demanding six of the largest banks in the nation stop participating in woke agendas.
Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo could all be harming farmers and consumers due to their commitment to the Net-Zero Banking Alliance (NZBA), the letter states. The concerns include higher food prices, less food availability and less credit for farmers.
The letter asserts that, as members of the Net-Zero Banking Alliance (NZBA), @BankOfAmerica, @Citi, @JPMorgan, @MorganStanley, @WellsFargo, and @GoldmanSachs are all working in lockstep to force the ESG agenda onto the entire domestic food supply chain: pic.twitter.com/1phYm6iOvo
— Will Hild (@WillHild) January 29, 2024
Part of the NZBA pushes net-zero greenhouse gas emissions by 2050 and encourages banks to achieve funding to net-zero applicants by 2030.
"Achieving net-zero greenhouse gas emissions in agriculture requires a complete overhaul of on-farm infrastructure — one of the goals of the NZBA," the letter states. "This would have a catastrophic impact on our farmers. Proposed net-zero roadmaps describe dramatic, impractical, and costly changes to American farming and ranching operations, such as switching to electric machinery and equipment; installing on-site solar panels and wind turbines; moving to organic fertilizer; altering rice-field irrigation systems; and slashing U.S. ruminant meat consumption in half, costing millions of livestock jobs.
The letter requested a reply by February 16 that included information on their involvement in the NZBA.
Agriculture commissioners from Georgia, Florida, Iowa, Kentucky, Louisiana, Mississippi, North Carolina, North Dakota, South Carolina, Texas and West Virginia also signed the letter.
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