4 chapters across the catalog
First Loss Risk Guarantees, Climate Finance Insurance Scams
King Charles III proposes the use of "first loss risk guarantees" to mobilize up to five trillion dollars annually for climate transformation. The hosts interpret these financial tools as a potential insurance-based scam designed to funnel public and private wealth through banking sectors under the guise of sustainability.
Larry Fink is demanding that companies report under TCFD (Task Force on Climate-Related Financial Disclosures) and SASB (Sustainability Accounting Standards Board) frameworks. These standards allow investors to see how companies are navigating climate change, which Fink defines as a primary "investment risk." Failure to comply may result in BlackRock voting against board directors or divesting.
A report from a European news source claims that 2.1 trillion euros must be invested annually for 25 years to limit warming to 1.5 degrees. The hosts calculate the total cost against the gross world product, questioning the feasibility and the participation of nations like China and India.
Goldman Sachs Facebook Pitch, Discretionary Mandates
In the recorded meeting, John Walker confronts Goldman Sachs about receiving a pitch for the Facebook IPO that included threats of criminal penalties for disclosure. Despite Walker's explicit instructions to avoid equities and high-risk investments, the bank's "investment professionals" claimed they were exercising discretion in presenting the offer.
