Wells Fargo Drops Financed Emissions Target Amid ESG Rethink (Connecting the Dots: BlackRock, Larry Fink, Robin Hood Foundation, Wells Fargo, Sierra Club, Nancy Pelosi, Paul Pelosi, Cecile Richards, Laura Turner Seydel & Soros Funding, All Networking)
Newsmax.com
Friday, 28 February 2025 03:22 PM EST
https://www.newsmax.com/finance/streettalk/wells-fargo-financial/2025/02/28/id/1200898/
Wells
Fargo is scrapping its goal of achieving net-zero emissions across its financed
portfolio by 2050 as banks rethink their sustainable lending activities.
The
goals had relied on many factors "outside our control" such as public
policy, consumer behavior and technological advancements that would help
clients transition to greener business practices, the bank said on Friday.
"Many
of the conditions necessary to facilitate our clients' transitions have not
occurred," it added.
The
move underscores how the financial industry is re-evaluating its environmental, social and
governance (ESG) commitments as political sentiment in Washington shifts.
Since
taking office, President Donald Trump has withdrawn from the Paris Agreement
and severed international partnerships on climate, including halting the
participation of U.S. scientists in the Intergovernmental Panel on Climate
Change, which is meeting in China this week.
The
raging debate on sustainability has at times put financial heavyweights in the
crosshairs. BlackRock CEO Larry Fink, a longtime
advocate of ESG principles, said in 2023 he had stopped using the term because
it had become "weaponised."
Wells
Fargo is also abandoning its sector-specific interim financed emissions targets
for 2030. It will, however, continue to pursue its 2030 operational
sustainability goals and its 2050 target for its own operational emissions.
"Wells
Fargo's decision
to abandon its net-zero targets is an outrageous abdication of
responsibility," said Ben Cushing, director of leading environmental group Sierra Club's sustainable finance campaign.
In
December, the lender had also quit the Net-Zero Banking Alliance — a group of
global banks committed to curbing greenhouse gas emissions.
"At
a time when financial institutions should be leading on climate, Wells Fargo is
instead putting the economy, its shareholders, and the planet at greater
risk," said Paddy McCully, senior analyst at Reclaim Finance.
Connecting
the Dots:
Bloomberg
Family Foundation was a funder for the Sierra Club.
Emma Bloomberg is
a director at the Bloomberg Family Foundation, Michael R.
Bloomberg’ daughter and was the chief of staff for the Robin
Hood Foundation.
Michael R. Bloomberg is Emma
Bloomberg’s father, the founder of the Bloomberg Family
Foundation and was a donor for the Robin Hood Foundation.
Laurence D. Fink is a
director at the Robin Hood Foundation and the Chairman & CEO
for Blackrock, Inc.
Foundation to Promote Open Society was a funder for
the Robin Hood Foundation.
George Soros was the chairman for
the Foundation to Promote Open Society and is the founder of
the Soros Fund Management.
Keith T. Anderson was
a chief investment officer for the Soros Fund Management and a
co-founder for BlackRock, Inc.
Thomas
E. Donilon is the chairman for Blackrock, married to Catherine
Russell (Jill Biden’s Chief of Staff), was
the White House deputy national security adviser for the Barack Obama
administration and a trustee at the Brookings Institution (think
tank).
Foundation to Promote Open Society was a funder for
the Brookings Institution (think tank).
George Soros is the chairman for the Foundation
to Promote Open Society.
John S. Chen was
a trustee at the Brookings Institution (think tank) and is a
director at Wells Fargo & Co. (Bailout Company).
Wells
Fargo Home Mortgage is a division of Wells Fargo & Co. (Bailout
Company).
Vickee Jordan
Adams is the VP at Wells Fargo Home Mortgage and Vernon
E. Jordan Jr’s daughter.
Vernon E. Jordan
Jr. is Vickee Jordan Adams’s father, Valerie B.
Jarrett’s great uncle and an honorary trustee at the Brookings
Institution (think tank).
Foundation to Promote Open Society was a funder for
the Brookings Institution (think tank).
George Soros is the chairman
for the Foundation to Promote Open Society and is the founder
of the Soros Fund Management.
Keith T. Anderson was
a chief investment officer for the Soros Fund Management and a
co-founder for BlackRock, Inc.
Laurence D. Fink is the
Chairman & CEO for Blackrock, Inc. and a director
at the Robin Hood Foundation.
Foundation to Promote Open Society was a funder for
the Robin Hood Foundation.
George Soros was the chairman for
the Foundation to Promote Open Society.
Michael R.
Bloomberg was a donor for the Robin Hood Foundation, is Emma
Bloomberg’s father and the founder of the Bloomberg Family
Foundation.
Emma Bloomberg was
the chief of staff for the Robin Hood Foundation, is Michael R.
Bloomberg’ daughter and a director at the Bloomberg Family
Foundation.
Bloomberg Family Foundation was a funder
for the Sierra Club.
Sierra Club is
a partner with the Reality Coalition.
Reality
Coalition opposes coal use in the Clean coal
debate.
Natural Resources Defense Council is a partner with
the Reality Coalition.
Foundation to Promote Open Society was a funder
for the Natural Resources Defense Council.
George Soros was the chairman for the Foundation to
Promote Open Society.
Wendy Schmidt is
a trustee at the Natural Resources Defense Council and the
president & co-founder for the Schmidt Family Foundation.
Schmidt
Family Foundation was a funder for the Natural Resources
Defense Council, the Environmental Working Group and the Sierra
Club.
Laura Turner
Seydel is a board member for the Environmental Working Group
and a trustee at the Turner Foundation.
Cecile Richards was a
grant overseer for the Turner Foundation, the founder &
president for America Votes, Nancy Pelosi’s deputy
chief of staff, the president of the Planned Parenthood Action Fund,
the president of the Planned Parenthood Federation of
America.
Open Society Foundations was a funder for the Planned
Parenthood Federation of America.
George Soros is the founder & chairman
for the Open Society Foundations.
Planned
Parenthood Action Fund is a national partner with America
Votes.
Sierra Club is
a national partner with America Votes.
Nancy Pelosi’s deputy
chief of staff was Cecile Richards, is an investor in the Clean
Energy Fuels Corp. and married to Paul Pelosi.
Paul Pelosi is married
to Nancy Pelosi and an investor in the Clean Energy Fuels
Corp.
CleanSkies.tv
Network is a peer group programmer for the Clean Energy Fuels
Corp. and the Sierra Club.
Sierra Club is
a partner with the Reality Coalition.
Natural
Resources Defense Council is a partner with the Reality
Coalition.
Wendy Schmidt is
a trustee at the Natural Resources Defense Council.
Foundation to Promote Open Society was a funder for
the Natural Resources Defense Council.
George Soros was the chairman for
the Foundation to Promote Open Society.
Robert Redford is
a trustee at the Natural Resources Defense Council and was a
director at the Apollo Alliance.
Carl Pope was a
director at the Apollo Alliance, an executive director for the Sierra
Club and a co-chair for the BlueGreen Alliance.
Michael Brune is
an executive director for the Sierra Club and a co-chair for
the BlueGreen Alliance.
Larry Cohen is
a director at the BlueGreen Alliance and a director at the Economic
Policy Institute.
Leo W. Gerard is
a co-chair for the BlueGreen Alliance and a director at the Economic
Policy Institute.
Open Society Foundations was a funder for
the Economic Policy Institute.
George Soros is the founder
& chairman for the Open Society Foundations, the founder
of the Soros Fund Management and was the chairman for the Foundation
to Promote Open Society.
Foundation to Promote Open Society was a funder for the Economic
Policy Institute.
Robert A. Johnson is
a director at the Economic Policy Institute and was a managing
director at the Soros Fund Management.
Keith T. Anderson was
a chief investment officer for the Soros Fund Management and a
co-founder for BlackRock, Inc.
George Soros is the founder of
the Soros Fund Management Jonathan Soros’s father and was
the chairman for the Foundation to Promote Open Society.
Foundation to Promote Open Society was a funder for the New America
Foundation.
Jonathan Soros was the deputy
chairman for the Soros Fund Management, is George Soros’s son
and a director at the New America Foundation.
Eric
E. Schmidt was a funder for the New America Foundation, is
the chairman of the New America Foundation, married to Wendy
Schmidt and a co-founder for the Schmidt Family
Foundation.
Wendy Schmidt is
married to Eric E. Schmidt, a trustee at the Natural Resources
Defense Council and the president & co-founder for the Schmidt
Family Foundation.
Foundation to Promote Open Society was a funder
for New America Foundation and the Natural Resources Defense
Council.
George Soros was the chairman
for the Foundation to Promote Open Society.
Schmidt
Family Foundation was a funder for the New America Foundation,
the Natural
Resources Defense Council, the Sierra Club and the Environmental
Working Group.
Laura Turner
Seydel is a board member for the Environmental Working Group
and a trustee at the Turner Foundation.
Cecile Richards was a
grant overseer for the Turner Foundation, the founder &
president for America Votes, Nancy Pelosi’s deputy
chief of staff, the president of the Planned Parenthood Action Fund,
the president of the Planned Parenthood Federation of
America.
Open Society Foundations was a funder
for the Planned Parenthood Federation of America.
George Soros is the founder
& chairman for the Open Society Foundations.
Planned
Parenthood Action Fund is a national partner with America
Votes.
Sierra Club is
a national partner with America Votes.
Nancy Pelosi’s deputy
chief of staff was Cecile Richards, is an investor in the Clean
Energy Fuels Corp. and married to Paul Pelosi.
Paul Pelosi is married
to Nancy Pelosi and an investor in the Clean Energy Fuels
Corp.
CleanSkies.tv
Network is a peer group programmer for the Clean Energy Fuels
Corp. and the Sierra Club.
Sierra Club is
a partner with the Reality Coalition.
Bloomberg
Family Foundation was a funder for the Sierra Club.
Michael R.
Bloomberg is the founder of the Bloomberg
Family Foundation, Emma Bloomberg’s father and was a donor
for the Robin Hood Foundation.
Emma Bloomberg is
a director at the Bloomberg Family Foundation, Michael R.
Bloomberg’ daughter and was the chief of staff for the Robin
Hood Foundation.
Laurence D. Fink is a
director at the Robin Hood Foundation and the Chairman & CEO
for Blackrock, Inc.
Foundation to Promote Open Society was a funder for
the Robin Hood Foundation.
George Soros was the chairman
for the Foundation to Promote Open Society.
Daniel S. Och is a director at the Robin Hood Foundation
and was a trader for the Goldman Sachs Group Inc. (Bailout Company).
David M. Solomon was
a leadership council member for the Robin Hood Foundation, is a
director at the Robin Hood Foundation and a managing director at
the Goldman Sachs Group Inc. (Bailout Company).
Peter D.
Kiernan III is a director at the Robin Hood Foundation and
was a senior partner at the Goldman Sachs Group Inc. (Bailout Company).
Clifford S.
Asness was a leadership council member for the Robin Hood
Foundation and a managing director at the Goldman Sachs Group Inc.
(Bailout Company).
David A. Tepper was
a trader for the Goldman Sachs Group Inc. (Bailout Company) and is
a director at the Robin Hood Foundation.
Laurence D. Fink is a
director at the Robin Hood Foundation and the Chairman & CEO
for Blackrock, Inc.
Foundation to Promote Open Society was a funder for
the Robin Hood Foundation and the Harlem Children's Zone,
George Soros was the chairman for
the Foundation to Promote Open Society and a benefactor for
the Harlem Children's Zone.
Michael R.
Bloomberg was a benefactor for the Harlem Children's Zone,
a donor for the Robin Hood Foundation, is the founder of
the Bloomberg Family Foundation and Emma Bloomberg’s father.
Richard E. Witten is
a trustee at the Harlem Children's Zone and an advisory director
for the Goldman Sachs Group Inc. (Bailout Company).
Gary D. Cohn is
a trustee at the Harlem Children's Zone and the president & COO
for the Goldman Sachs Group Inc. (Bailout Company).
Laurie R. Ferber was
a managing director for the Goldman Sachs Group Inc. (Bailout Company)
and the general counsel for MF Global Holdings Ltd.
Jon S. Corzine was
the chairman & CEO for the Goldman Sachs Group Inc. (Bailout
Company) and the chairman & CEO for MF Global Holdings Ltd.
Soros Fund Management was the buyer of assets, post-bankruptcy
for MF Global Holdings Ltd.
Mark Schwartz was
the president & CEO for Soros Fund Management, George
Soros’s senior adviser, and the president & CEO for the Goldman
Sachs Group Inc. (Bailout Company).
Keith T. Anderson was
a chief investment officer for the Soros Fund Management and a
co-founder for BlackRock, Inc.
Robert A. Johnson
was a managing director at the Soros Fund Management and is a
director at the Economic Policy Institute.
Jonathan Soros was the deputy
chairman for the Soros Fund Management and is George Soros’s son.
George Soros is the founder of the Soros
Fund Management Jonathan Soros’s father, the founder & chairman
for the Open Society Foundations and was the chairman for
the Foundation to Promote Open Society.
Open Society Foundations was a funder
for the Economic Policy Institute and the Natural Resources
Defense Council.
Foundation to Promote Open Society was a funder
for the Economic Policy Institute and the Natural Resources Defense Council.
Larry Cohen is a director at the Economic Policy Institute
and a director at the BlueGreen Alliance.
Leo W. Gerard is
a director at the Economic Policy Institute and a co-chair for
the BlueGreen Alliance.
Michael Brune is
a co-chair for the BlueGreen Alliance and an executive director for
the Sierra Club.
Carl Pope was a
co-chair for the BlueGreen Alliance an executive director for
the Sierra Club, and a director at the Apollo Alliance.
Robert Redford was
a director at the Apollo Alliance and is a trustee at the Natural
Resources Defense Council.
Natural
Resources Defense Council is a partner with the Reality
Coalition.
Sierra Club is
a partner with the Reality Coalition.
Open Society Foundations was a funder for the
Natural Resources Defense Council.
George Soros is the founder
& chairman for the Open Society Foundations and was the chairman
for the Foundation to Promote Open Society.
Foundation to Promote Open Society was a funder for the
Natural Resources Defense Council and the Aspen Institute (think
tank).
Bloomberg
Family Foundation was a funder for Aspen Institute (think tank) and
the Sierra Club.
Robert K. Steel is
the chairman for the Aspen Institute (think tank) and was a
director at Wells Fargo & Co.
Wells
Fargo Home Mortgage is a division of Wells Fargo & Co. (Bailout
Company).
Vickee Jordan
Adams is the VP at Wells Fargo Home Mortgage and Vernon
E. Jordan Jr’s daughter.
Vernon E. Jordan
Jr. is Vickee Jordan Adams’s father, Valerie B.
Jarrett’s great uncle and an honorary trustee at the Brookings
Institution (think tank).
Foundation to Promote Open Society was a funder for
the Brookings Institution (think tank).
George Soros is the chairman
for the Foundation to Promote Open Society.
John S. Chen was
a trustee at the Brookings Institution (think tank) and is a
director at Wells Fargo & Co. (Bailout Company).
Thomas
E. Donilon was a trustee at the Brookings Institution (think tank),
the White House deputy national security adviser for the Barack Obama
administration, is married to Catherine Russell (Jill Biden’s Chief of Staff) and the chairman for Blackrock.
Laurence D. Fink is the
Chairman & CEO for Blackrock, Inc. a director at
the Robin Hood Foundation.
Foundation to Promote Open Society was a funder for the Robin
Hood Foundation.
George Soros is the chairman
for the Foundation to Promote Open Society and the founder of
the Soros Fund Management.
Keith T. Anderson was
a chief investment officer for the Soros Fund Management and a
co-founder for BlackRock, Inc.
Resources:
Past Research
Smaller
Bites – (Connecting the Dots: Larry Fink, Blackrock, Robin Hood Foundation
& Soros Fund Management, All Networking) (Past
Research on Larry Fink)
Thursday,
December 8, 2022
https://thesteadydrip.blogspot.com/2022/12/smaller-bites-connecting-dots-larry.html
National
Sierra Club: What is the TPP? (Trans-Pacific Partnership) (Past Research on the Sierra Club)
Tuesday,
July 26, 2016
https://thesteadydrip.blogspot.com/2016/07/national-sierra-club-what-is-tpp-trans.html
Trump
Names Former Goldman Partner, Soros Money Manager As Finance Chairman (Past Research on Michael Bloomberg)
Friday,
May 6, 2016
https://thesteadydrip.blogspot.com/2016/05/trump-names-former-goldman-partner.html
BlackRock
Pulls Ad Showing Gunman From Trump Rally (Connecting the Dots: BlackRock, Soros
Fund Management, O'Melveny & Myers LLP, Alejandro N. Mayorkas, Catherine
Russell (Jill Biden’s Chief of Staff), Kimberly Cheatle, U.S. Secret Service,
PepsiCo & Soros Funding, All Networking) (Past
Research on BlackRock)
Tuesday,
July 16, 2024
https://thesteadydrip.blogspot.com/2024/07/blackrock-pulls-ad-showing-gunman-from.html
Wells
Fargo to repay $25 billion bailout (Past Research
on Wells Fargo)
Monday,
March 9, 2015
https://thesteadydrip.blogspot.com/2015/03/wells-fargo-to-repay-25-billion-bailout.html
Look
which companies dumping Boy Scouts (Past Research
on Wells Fargo)
Thursday,
February 7, 2013
https://thesteadydrip.blogspot.com/2013/02/look-which-companies-dumping-boy-scouts.html
Blankfein:
Clearing houses 'terrific' (Past Research on the Goldman
Sachs Group Inc. (Bailout Company))
Wednesday,
October 30, 2013
https://thesteadydrip.blogspot.com/2013/10/blankfein-clearing-houses-terrific.html
Detective
Says NYPD Has ‘Enough to Make Arrest’ after HBO Star Accuses Harvey Weinstein
of Rape (Past Research on the Harlem Children's
Zone)
Friday,
November 3, 2017
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