CNS News Reports: The central bank wants to begin considering “green” energy investment as a reduction of risk while considering reliable energy sources like coal, oil, and natural gas as an increase in risk. If a financial institution has investments in highly speculative wind and solar projects, those investments are considered not just safe by the Fed, but their presence in an investment portfolio could be used to offset other risky assets.

That is the equivalent of saying it is safe to drive without a seat belt, provided you are texting at the same time.

It is difficult to overestimate how catastrophic this could be for not just the financial sector but the economy at large. The Fed is supposed to be a nonpartisan and nonpolitical institution, but it has now dropped all pretense of such idealistic notions and become a tool in the hands of its woke masters.



These regulations must be opposed, and the powers of the Fed scaled back—before it creates the very crisis it was supposed to prevent.