Bank of England Gets Back to Basics

Bank of England has been focused on reducing carbon emissions. Their own, and everyone else's as well. Bank of England downgrades Net Zero and cuts climate spending

Its obsession with climate change, promoted and pushed through by its former governor, Mark Carney, in tandem with government ministers, has for years distracted it from its main responsibilities. Instead, it has been enforcing ESG disclosure guidelines, carbon-testing balance sheets and promoting Net Zero policies.

During his time as Governor, Net Zero Watch criticised Mr Carney repeatedly, warning that his climate activism and his intimidation of financial institutions and pension funds into costly Net Zero targets would eventually lead to policy failure and a distressed correction. This correction appears to have now begun.

Because they don't want to be limited to being a central bank, they want to be part of the New World Order™ that will control every aspect of your life.

Well, since the banking crisis caught "the smartest guys in the room" off guard, they have decided that maybe they do need to concentrate on their actual job.