Citigroup to Expect Clients to Have ‘Credible’ Plan to Reduce Carbon Footprint

Whenever someone talks about the Great Reset, they have been immediately deemed a “right wing conspiracy theorist” and insist that that Great Reset is not happening, despite the World Economic Forum openly admitting that they want to see a “Great Reset” where by 2030 “You’ll own nothing and you’ll like it”.

One of the key components in ESG is Environmental. You will be getting a score based off of things like your carbon footprints, what type of companies you invest in and how and where you spend your money. I have been saying this for about a year now.

The banks are saying that this new score is only so that you can be more informed and make better investment choices. But if you read about the World Economic Forum’s plan, this system is not voluntary. You will be given a score and in the very near future, if your score isn’t high enough, you are going to have a very hard time getting a loan. It will have nothing to do with whether you can afford to pay that loan back or not like loans have been, but it will be about what kinds of companies do you invest in, where do you spend your money, what type of car do you want to buy and how much meat do you eat. If you eat too much meat, want to buy a car that is not fuel efficient, donate to organizations that are more Conservative and support things like the second amendment or want to buy a big house that isn’t green enough, your ESG score is going to suffer and you won’t be able to afford to get a loan for anything.

Citigroup has now announced that they have a plan to start implementing the Environmental component of ESG. They have announced that they will eventually expect borrowers to submit a plan for measuring their carbon footprint. Right now, this is aimed at businesses such as fossil fuel companies, but it’s not going to stop there. Banks are already starting to make ESG scores available for customers and within the next few years you are going to start seeing that plan enforced on anyone who wants to get a loan for anything.

According to Chief Executive Officer Jane Fraser “It’s going to start with a conversation. If they don’t have a credible plan and they’re not able to come up with targets and metrics and disclosures, then it will be a shorter conversation” meaning if an oil company wants to take out a loan to drill another well, if they can’t come up with a plan to get to a net zero carbon footprint by 2050, they aren’t going to get a loan.

There are several things that you need to do to prepare for what is coming.

  1. Pull your money out of the big banks like Wells Fargo and Citigroup. When you do, tell them exactly why you are pulling your money out.
  2. Pay down your debt as quickly as possible, particularly loans through the big banks so that you aren’t paying interest to companies that are pushing the Great Reset.
  3. Figure out a way to cut spending. Get a second job if you need to. Downsize. Do whatever it takes to get to a point where you can start to save money for big purchases like when it comes time to get a new car. A time is coming when, unless you play their game, you won’t be able to get a loan for anything.
  4. Prepare for energy costs to continue to skyrocket. It’s going to get harder and harder for companies such as oil and natural gas companies to take out loans for things like drilling a new well. Prepare to pay $5 per gallon gas within the next few years.

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