Oh the irony – UN attempt at setting up a Net Zero insurance racket falls foul of ANTI-TRUST law, causing a (temporary) delay in the anti-human criminal cartel’s activities
From here (h/t Home - Whatfinger News® and States Shut Down UN-Insurance Corp Plot to Kill Oil and Gas | Frontpage Mag
Will antitrust concerns kill insurers’ climate commitments? (energymonitor.ai)
“Thus far ten major insurance firms have pulled out of the UN conspiracy to kill the oil and gas industries, along with any hope of affordable energy.
The recent departure of three of Europe’s largest insurers from the Net Zero Insurance Alliance (NZIA), part of the wider Glasgow Financial Alliance for Net Zero (GFANZ), represents perhaps the biggest blow to the GFANZ alliance to date.
Lloyd’s of London and QBE Insurance Group have also pulled out. Along with Axa SA, Allianz SE, Scor SE, Sompo Holdings Inc. and Swiss Re AG.”
“In recent months, insurers’ perceived ability to distort market prices by refusing to underwrite certain fossil fuel projects on climate grounds has made them vulnerable to accusations of breaching antitrust laws designed to ensure that institutions are not able to make decisions behind closed doors that could distort market competition.”
Here’s a link to a letter written by 23 Attorneys General of the US
“On Tuesday, 23 attorneys general wrote a letter to 28 insurance companies belonging to the Net-Zero Insurance Alliance and Net-Zero Asset Owner Alliance. The letter was led by Utah Attorney General Sean Reyes and Louisiana Attorney General Jeff Landry.
The attorneys general are requesting records from companies to investigate their connection with two organizations and any potential commitments made. They are concerned that these alliances may go against antitrust laws due to their encouragement of companies to comply with the Paris Agreement, an international treaty aimed at reducing the impact of climate change.”
Back to the energeymonitor.ai piece
“Last summer, the NZIA was forced to back away from a proposal that would force members to commit to exiting coal insurance, following legal advice from lawyers at global law firm Norton Rose Fulbright.”
“Burnside notes that were antitrust laws in relation to climate change to progress to litigation, “any antitrust analysis runs in two stages”. First, lawyers would assess whether there is a “restriction of competition”, and if there was they would then explore whether or not there are “benefits arising from these arrangements that outweigh that restriction”.
Burnside says that, historically, US antitrust lawyers in particular have focused “almost entirely on pricing; in recent years, quality criteria have been given more weight including ESG considerations”. He adds: “Not least, the idea that externalities can be weighed in the balance of determinants and benefits; for example, safeguarding the environment as a benefit to society as a whole.”
View these statements in the context of the fact that THERE IS NO CLIMATE CRISIS. What is happening is a two pronged attack to increase insurance premia and remove hydrocarbon energy.
Chicken little, anti-human cult members are embedded in regulators across the world and are drafting a form of words that allows price gouging by insurers backed by “regulations”. Note an unjust law is no law at all and is “odious”.
“In February, it (Ed: the UK) published draft guidance on its intended approach towards business collaborations that pursue environmental sustainability goals, although there are no specific notes on financial alliances.
A European Commission spokesperson told Energy Monitor it is “currently finalising its review process” of guidelines that “will contain a new chapter on sustainability agreements with guidance for companies in all sectors to assist them with the self-assessment of their cooperation agreements pursuing sustainability objectives”.
Coming into force in June 2023, this guidance will take a “balanced approach to ensure that the antitrust rules are not seen as an obstacle to genuine sustainability initiatives (which, in many cases, may not restrict competition or not appreciably), while protecting competition and consumers against greenwashing”.
Onwards!
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“In recent months, insurers’ perceived ability to distort market prices by refusing to underwrite certain fossil fuel projects on climate grounds has made them vulnerable to accusations of breaching antitrust laws designed to ensure that institutions are not able to make decisions behind closed doors that could distort market competition.”
They'll come at it again. And again. They will find a crack and force the wedge in, no matter how much blood they need to spill. Then, there will be some heartfelt plea, possibly from Stepford-Greta herself, how competition and fairness is less important than reducing plant food in the atmosphere (to 'save lives', giggle, given they seem to give no sh!ts about skyrocketing ACM).
Some compromised judicial type/s will align with them. The crack will be found and expanded. And the Agenda will roll on.
And the legal/insurance club will be let loose on any dissident companies. Bludgeoning them with cartel/mob like behaviours. Crushing ordinary citizens under skyrocketing energy prices, which result in every single thing skyrocketing in turn.
Evil doesn't sleep. It doesn't rest. It doesn't stop.
We have a totalitarian cancer slowly enveloping the world. A heretofore unstoppable Juggernaut.
They have analysed their enemy's weaknesses, and they are attacking our systems to create maximum damage to the 7.5B of us they want dead. Witness the smoldering US food system, the dioxin rains, the anti-natural food messaging. Witness the teetering global supply chain. Witness the 10x increase for domestic energy costs, already pushing SMEs to the wall - those that survived the Plandemonium push.
What they are also doing is giving us simple choices. We get to vote on their Agenda, where it hurts them.
Their wallets.
Long before the shooting starts for real.
Observe which oligarchs/companies/psychopaths are aligned with The Agenda - and opt for the independent competition.
Don't give them your dollars.
There is always an alternative. Buy local if you can.
Opt out of their system as much as you can. Because being a part of it empowers it.
They aren't all committed to the democide. There is a hard core kernel of psychopaths setting the path and the beat. And a bigger shell of people following the trend because it is profitable and 'cool'.
It is up to us to make it unprofitable. The hollow men and women following the enemy tune will fade away like the darkness at dawn.
Shaking loose that shell will make the kernel so much more vulnerable when the time comes.
Then we just have to squash it. And prevent it from ever reconstituting.
Peace.
I pray they are thwarted at every attempt.
That goes for all alpha criminal agencys.
Blessings