Your bank wants to control your 'carbon spending'
Your bank wants to control your 'carbon spending'
Nation First does a deep dive into the banking sector's push to limit what customers spend their hard-earned on, supposedly for the benefit of the environment.
Dear friend,
For a long time now, we have warned the public about the danger of elite-led ‘environmentalism.’
These people who fly in private jets, cruise in their mega yachts, and own industries that pollute our rivers and oceans have a lot of audacity to tell ordinary people who are struggling that they should be more mindful of the environment.
They really don’t have any concern for the environment, they are after all responsible for most of it.
Rather it is to disguise their real intention – greed and control.
And more control could soon be coming from an essential but greedy business you probably deal with on a daily basis: your bank!
Elite-led environmentalism is blatant hypocrisy. The very individuals and corporations that champion environmental causes are often the ones contributing significantly to pollution.
Financial institutions, under the World Economic Forum’s influence, are proposing to monitor and limit people’s spending based on carbon emissions. Companies like Mastercard and CommBank have actively started implementing these practices.
Cogo, the New Zealand-based organisation dealing with banks’ carbon emission data, is opaque in its methods and has ties to leftist Jacinda Adern. Its approach to promoting behaviour change for climate action seems manipulative.
Voluntary ‘climate action’ measures banks put on customers are swiftly expected to transition into coercion and then compulsory actions by 2030, following historic patterns where ‘voluntary’ policies evolved into permanent forms of control.
Without resistance, there will be an escalation towards mandatory climate spending limits and other restrictions. These measures pose a serious threat to personal freedom and lifestyle.
Let’s take their latest attempt at control – climate spending limits.
Under the World Economic Forum’s direction, major banks and financial institutions now appear to be creating measures to monitor people’s spending habits.
This is the first step towards the implementation of individual carbon credits, where people would be penalised and fined for exceeding their quotas.
Mastercard, for instance, partnering with an obscure Swedish start-up called Doconomy has introduced the so-called “world’s first credit card with a carbon limit”.
As the slogan suggests, they’ve developed a credit card that limits people’s credit based on how much carbon dioxide their purchase is supposedly emitting.
Mind you, you can bet, like most ‘climate change’ measures, that there will be exemptions to allow the rich to continue their lifestyle undisturbed.
Takes a peek at the European Union’s carbon pricing plan, for instance:
In Australia, initiatives are being launched to make consumer spending more ‘climate-friendly.’
CommBank, (or the Commonwealth Bank of Australia) one of the largest banks in the country, has now begun tracking people’s spending data – representing a severe breach of individual privacy.
Here’s a snapshot of a new entry to CBA’s terms and conditions:
And they’re introducing climate spending monitors for customers to check.
But, hey, it is all for good, right? We are fighting climate change!
A similar project is happening in Queensland-based bank Suncorp Group, and quite possibly the rest of the major Australian banks very soon if the policy of “setting, tracking and achieving Australia’s emissions reduction targets” by the Australian Banking Association is anything to go by.
These and other banks have partnered with a New Zealand-based organisation called Cogo to provide it with industry carbon emission data.
Outside Oceania, major financial entities partnering with Cogo for similar purposes include Hungary’s largest bank, OTP Bank; the Dutch multinational bank, ING; Irish retail bank, Ulster Bank; and one of the United Kingdom’s largest banks, NatWest Group.
Curiously, outside their website and LinkedIn page, there isn’t much information on Cogo, especially regarding how it calculates industry emissions standards.
Without there being transparency, how can we trust their data won’t be manipulated to negatively impact ordinary people?
What we do know is that Cogo markets itself with the inane line that their customers are banks “looking to be on the right side of history”.
Also, their CEO Ben Gleisner, happens to be a close associate of the former Prime Minister of New Zealand and COVID authoritarian, Jacinda Ardern.
He was part of Adern’s trade delegation to Australia last year.
For those not in the know, Adern is a WEF ‘Young Global Leader’ and was described by some as the ‘high priestess’ of the Great Reset, preaching its ideology with extreme zealotry.
Along with the aforementioned COVID authoritarianism, she pushed to implement various inane policies to fight ‘climate change’ such as putting a tax on natural emissions by livestock. That’s right, a cow fart tax.
Back to Cogo. Their website outlines their service as follows:
We map spend-based carbon data to financial data such as bank and credit card transactions, enabling near-instant tracking of footprints for your customers. Being based on transactions, these footprints represent the actual behaviour of customers - rather than best intentions. And by making it as simple as possible for footprints to be calculated, we free up your customers’ time for the next and most important step - taking climate action.
It is how this “next and most important step” is undertaken that is the key question.
Will it be voluntary, compulsory or coerced?
Of course, Cogo and its banks “on the right side of history” will say any measure is voluntary, yet Cogo tells us that they “draw on behavioural science and experimentation to refine our approach of sustained positive customer engagement that supports behaviour change at scale.”
Behavioural science? There’s another term for that.
It’s called dark psychology, which is defined as “the art of manipulating and influencing individuals to serve the manipulator’s interests, often at the expense of the target’s well-being.”
Indeed, this sort of ‘behavioural science’ caper was used to manipulate people during the pandemic, including by the UK Government with its Behavioural Insights Team (or Nudge Unit) and the New South Wales State Government in Australia with its Behavioural Insights Unit.
So, at the moment, it may be voluntary — luring in those with a green bent — but it appears that “taking climate action” based on Cogo’s personal carbon tracking data will likely end up as something that is coerced.
History is riddled with examples of policies that started as ‘voluntary’ or ‘temporary’ and instead turned into a permanent form of oppression.
How quickly it will get beyond coerced and to the compulsory stage is anyone’s guess but I’d suggest that will be by 2030 or sooner, given that year is the one that elite globalist institutions including the WEF, the United Nations, the World Bank, and others have declared a being the year for global transformation.
What we will see is an increased push towards mandatory climate spending limits imposed on ordinary customers by the banks if we choose to remain passive.
The fact that banks are already beginning to track our spending habits should cause enough for concern.
Unless we make our voice heard, we can continue to see our financial freedom and way of life increasingly under threat.
In 2024, I’ll be following this matter up with action points you can take.
Until next time, God bless you, your family and nation.
Take care,
George Christensen, with a Nation First staff writer
George Christensen is a former Australian politician, a Christian, freedom lover, conservative, blogger, podcaster, journalist and theologian. He has been feted by the Epoch Times as a “champion of human rights” and his writings have been praised by Infowars’ Alex Jones as “excellent and informative”.
George believes Nation First will be an essential part of the ongoing fight for freedom:
“The time is now for every proud patriot to step to the fore and fight for our freedom, sovereignty and way of life. Information is a key tool in any battle and the Nation First newsletter will be a valuable tool in the battle for the future of the West.”
— George Christensen.
Find more about George at his www.georgechristensen.com.au website.
The globalists are attacking us from every angle they can think of!
The heads of the snakes need to be cut off