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Can states make a difference? They absolutely can. And in the battle against woke corporate tyranny, they’re vital. And they’re winning.
European insurers are pulling out of the UN-convened Net-Zero Insurance Alliance over concerns that red states’ antitrust allegations could hurt their businesses. Bloomberg reported Wednesday that the group was holding a meeting to discuss recent departures, a week after 23 Republican attorneys general sent letters to members of the group raising antitrust concerns.
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.
Many of these companies are still engaging in political retaliation against cheap energy industries, but the attempt to coordinate those leftist conspiracies through the UN’s Net-Zero Insurance Alliance is collapsing.
The Net-Zero Insurance Alliance was very obviously a cartel, and the insurance companies decided it was a bad risk, but its collapse raises the question of whether any centralized green scheme that coordinates pricing based on global warming risks wouldn’t also be a cartel?
State AGs and legislators were smart to go after such cartel practices, and while this is a victory, it should be the beginning of a campaign to treat private sector environmental coordination as cartels.
Thanks Daniel, very interesting! I hadn’t thought about that angle before.
Good news at last.
These global alliances are all a scam to extract tax.
It’s been interesting to see how people are finally turning against these alleged sustainable practices that cannot be sustained without subsidies.
Excellent points.
About sustainable, what is really sustainable? I never thought of that before. Nature is pretty exploitive. Birds eat bugs. Bugs eat something. Kind of a predatory cycle, each feeding on something below it on the predatory scale.
Good question, AA. That’s how sound forestry and agriculture came about, to make them sustainable, but much of it has been replaced by environmentalist fads that don’t work. We learned to rotate crops, maintain healthy forests, farm trees, build reservoirs, and aqueducts. We also set up a socioeconomic system that was based on competition, merit, and free choice, that was upwardly mobile and generally self-correcting. Now bad ideas and failures are subsidized on individual, business, and even industry levels, short circuiting that self-correction, and individual learning process.
I’ve long noticed the people who preach sustainability the most, don’t know the first thing about it and usually push policies that aren’t.
Thanks Cowboy!!!
A ray of hope. We need good news.
Happy news this is, and thanks Daniel, it’s good to see pushback against the climate communism, which is what it’s always been. We are the carbon they want to reduce.
America needs to totally pull out of the United Nations Trump pulled America out of UNESCO its time to dump the whole darn lot into the text waste dump we can help out those other nations after natural disaster
Since insurance companies are in the business of predicting and managing future risks, they must know that the just stop oil stuff is nonsense.