The Biden administration’s push for “green” energy is taking another leap forward, this time with the U.S. Department of the Treasury jumping on board. On Tuesday, the Treasury Department released its “Principles for Net-Zero Financing & Investment” as part of its effort to promote “best practices” for private sector financial institutions. Treasury Secretary Janet Yellen and her department believe that these principles will help mobilize more capital to address climate change and take advantage of the economic opportunities of the green transition.
But let’s not be fooled by the rhetoric. This is just another example of the Biden administration’s war on consumers. By forcing financial institutions to adopt these net-zero principles, the Treasury Department is aligning itself with ESG activists and elite billionaires like Michael Bloomberg. And who gets left behind? The hardworking American consumers who are already struggling with rising costs at the grocery store and the gas pump.
Not only that, but this move puts companies that join these net-zero commitments in legal jeopardy. State attorneys general have already warned that these commitments may violate antitrust and consumer protection laws. And rightfully so, because decisions about energy policy should be made by elected representatives, not by corporate alliances and international activists.
But despite the warnings, the Biden administration continues to push forward with its agenda. It’s clear that they care more about appeasing their climate alarmist allies than they do about upholding the law or protecting American consumers. With every step they take towards their green dreams, they leave average Americans behind. It’s time for the administration to prioritize the needs of the people, rather than the demands of the radical left.