Biden’s Yellen Just Declared War on Consumers – Look!
On September 19, 2023, Treasury Secretary Janet Yellen delivered a speech in which she warned consumers that they should expect to pay higher prices in the coming months. Yellen said that the Biden administration is committed to fighting inflation, but that it will take time to bring prices down.
This week, the U.S. Department of the Treasury released its “Principles for Net-Zero Financing & Investment” to press ahead with “best practices for private sector financial institutions that have made net-zero commitments and promote consistency and credibility in approaches to implementing them.”
These principles, the Treasury Department and Secretary Janet Yellen say, are key to “supporting the mobilization of more private sector capital to address the physical and economic impacts of climate change and to seize on the historic economic opportunity presented by the green transition.”
Yellen and her department declared “a number of announcements from civil society including a $340 million commitment” from the likes of the Bezos Earth Fund, Bloomberg Philanthropies, Climate Arc, ClimateWorks, Hewlett Foundation, and Sequoia Climate Foundation over the next three years “to support the continued development of research, data availability, and technical resources intended to help financial institutions develop and execute robust, voluntary net-zero commitments” and “facilitate the transition planning efforts of non-financial sectors of the economy.”
According to the Treasury Department, the “climate crisis is propelling a massive economic shift and is hitting the most vulnerable countries and communities first and hardest” and there’s an “increasing demand for technologies, products, and services that will reduce greenhouse gas emissions, support a clean energy future, and help adapt to a changing climate across all sectors.”
“This announcement from the Department of the Treasury forcing financial institutions to adopt net-zero principles should come as no surprise to American consumers as the Biden Administration openly declares war on consumers,” reacted Will Hild, the executive director of Consumers’ Research.
“Make no mistake, the Biden administration is running cover for the financial industry’s net zero cartel, protecting megalomaniac CEOs like Larry Fink and leaving consumers with nothing,” said Hild.
The Biden Admin Just Declared 'War on Consumers' https://t.co/uFQjzU3igJ. Yellen is just like every other member of the Biden administration, totally incompetent!!!
— Bigmoe (@Bigmoe16574013) September 19, 2023