Climate activists led by Greta Thunberg have fostered the specious claim that solving climate change is an essential part of the battle to end "inequality" for good (even though the two phenomena have little to do with one another). And now, with central banks around the world signing up to enforce the Paris accords, ECB chief Christine Lagarde is reportedly planning on striking a blow against the fossil fuel industry by forcing the ECB to slash purchases of bonds issued by energy giants like Exxon.
Christine Lagarde is expected to make the European Central Bank a pioneer in fighting climate change by slashing its purchases of bonds issued by fossil fuel companies and other heavy carbon emitters, according to a Financial Times poll of economists. The ECB president has pledged to make tackling climate change a major part of the central bank’s strategic review of its remit and tools, which is due to be completed by the second half of 2021.
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