Popular Articles
Today Week Month Year


“Green” bonds a total FRAUD – less than 1% of proceeds used for stated purpose
By Ethan Huff // May 24, 2024

Trillions of dollars have been spent over the years trying to make the world more "green," but all of it was for naught.

New research reveals that for all the money dumped into green bonds, there is absolutely nothing to show for it. The environment is still just the same as it always was, except the country is much poorer now because of all the green scams.

Had things gone according to plan, the more than $2.6 trillion in green bonds that were issued over the last decade could have helped companies mitigate their climate worries. Instead, it was all a pointless, wasteful smokescreen.

The study, entitled "Green Bonds: New Name, Same Projects," was compiled by Pauline Lam, a visiting scholar at NYU's Stern School of Business, and Jeffrey Wurgler, a finance professor at the same institution.

The paper is scheduled to be presented at a conference at the University of Chicago on May 17.

(Related: Did you know that the World Bank is planning to destroy the global food system because its members believe that agriculture is making the planet too warm.)

Don't fall for the green scam

Before this paper was released, other studies about this same subject that focused on measuring the difference in yields between green and "brown" bonds, or what the industry calls a greenium, arrived at similar conclusions.

"The consensus of those prior studies was that the greenium is either nonexistent or so small as to be irrelevant," one report explains. "But those studies were unable to understand why this is so."

The new study dives even deeper into the subject by looking at the actual use cases to which green bond issuers issued the proceeds. Lam and Wurgler looked specifically at instances in which the proceeds were legitimately used to pursue novel green projects that are outside the realm of traditional financing sources.

Human knowledge is under attack! Governments and powerful corporations are using censorship to wipe out humanity's knowledge base about nutrition, herbs, self-reliance, natural immunity, food production, preparedness and much more. We are preserving human knowledge using AI technology while building the infrastructure of human freedom. Speak freely without censorship at the new decentralized, blockchain-power Brighteon.io. Explore our free, downloadable generative AI tools at Brighteon.AI. Support our efforts to build the infrastructure of human freedom by shopping at HealthRangerStore.com, featuring lab-tested, certified organic, non-GMO foods and nutritional solutions.

The way the team looked for this "additionality," as it is called, was by analyzing multiple sources, including the bonds' offering prospecti, various documents from the SEC (Securities and Exchange Commission), internal company reports and direct correspondence with the companies involved.

The main focus centered around both corporate and municipal green bonds that were chosen to maximize the potential for finding additionality. After all that effort, the team still came up short: there are no benefits to be found with green bonds.

Here is what their sample of corporate green bonds showed:

- 30 percent of all proceeds went towards basic refinancing of preexisting brown bonds

- Seven percent went towards purchasing green assets from other companies, which results in no net "societal increase in green assets"

- 29 percent was invested in projects that were already underway prior to the issuer's first issuance of a green bond

- 33 percent was used to launch new projects that were similar to other projects the company had already previously undertaken before issuing any green bonds

- One percent went towards initiative "a project whose green aspect is novel for the issuer"

It is that last bullet point that demonstrates the only charitable aspect of the green scam, and of course it is the lowest in terms of actual dollar amount. It turns out that most green money goes towards something other than what the industry claims.

"Investors themselves share the blame with the companies, since the absence of any significant greenium indicates that they are unwilling to accept a lower interest rate on green bonds in order to incentivize companies to do more than they would otherwise," reported Callaway Climate Insights.

The only thing that's "green" about the green movement is all the money those hucksters are raking in from all their climate lies. Learn more at GreenTyranny.news.

Sources for this article include:

ClimateCrisis247.com

NaturalNews.com



Take Action:
Support NewsTarget by linking to this article from your website.
Permalink to this article:
Copy
Embed article link:
Copy
Reprinting this article:
Non-commercial use is permitted with credit to NewsTarget.com (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.

NewsTarget.com © 2022 All Rights Reserved. All content posted on this site is commentary or opinion and is protected under Free Speech. NewsTarget.com is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. NewsTarget.com assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published on this site. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
News Target uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Close
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.