Link: Bank Of America Backs Off Its Discriminatory Anti-Gun Policies as ESG Starts to Hurt its Bottom Line ...The bank backed off its ban on lending to companies that make assault-style guns used for non-military purposes. Rather, the firm will make such decisions on a case-by-case basis with senior risk officers, according to its latest environmental and social risk policy framework. The Charlotte, North Carolina-based bank also made similar changes to its energy lending policies — it no longer has a blanket ban on financing for Arctic drilling... What a delusional headline. "Case-by-case basis" is doublespeak for "we ain't changing sh!t."
Def funny but not surprising to see how no one actually cares about these policies such as ESG. They saw a profit opportunity to virtue signal, but when that opportunity passed, they all backtracked. L I thought they really cared
