Same coastal city mayors who claim climate change will sink their cities are still selling long-term municipal bonds to investors: Isn’t that fraud?
10/30/2019 // JD Heyes // Views

If you listen to the mayors of most of America’s biggest cities — all of whom are Left-wing Democrats — ‘climate change’ is the biggest threat to humanity since the Cold War.

Well, okay, the biggest threat to humanity since Donald Trump won the presidency. 

But how serious are these folks? Do they really believe in the narrative they’re pushing — that our modern lifestyle is contributing to the demise of the planet and that unless all the rest of us (not them) begin living like we’re back in the 19th century again, we’re going to die a harsh, miserable, very hot death?

It depends on who you ask and, more importantly, the context in which you ask.

As Breitbart News’ John Carney notes, these folks are uber hypocritical when it comes to so-called climate change. One minute we’re on the cusp of extinction and the next…well, just pony up some dough and fagetaboutit. 

He writes: 

On most days, climate change is an “existential threat” requiring federal regulation, international accords, and–of course–a flood tide of federal funds into their city. But if you ask them on a day when their city is selling municipal bonds to investors, the forecast is suddenly much sunnier.

According to a revealing new report from the Government Accountability Institute, author Peter Schweizer exposes the climate change apocalypse speciousness used by big city leaders who decry the global warming/climate change fiasco out of one side of their mouths while remaining dead quiet about the ‘threat’ in bond disclosures.


Writing in The Wall Street Journal, Schweizer said the study which formed the basis for the report compiled 100 bond issuances by 20 cities including New York and New Orleans that are allegedly at risk of being swallowed up by the sea thanks to global warming’s alleged destruction of the polar ice caps. (Related: UN official actually ADMITS that ‘global warming’ is a scam designed to ‘change world’s economic model’.)

Still think ‘climate change’ is a threat? 

In addition, bond issuance for 20 other low-risk, inland cities like Chicago and Kansas City were examined as well. 

“Greater risk to investors should produce a higher bond interest rate, or ‘coupon rate,’” Schweizer wrote. “But the average rate for at-risk cities was 4.21 percent versus 3.99 for low-risk cities, and our analysis found that this difference of 22 basis points was not significantly significant.”

In addition, the study found very few instances where climate change as a risk factor was even mentioned in bond disclosure documents. 

In sum, disclosure statements of the 20 cities most at risk totaled 4,361 pages, and phrases like “climate change” and “sea-level rise” appeared fewer than 100 times across all of those locations and in context of issues analyzed for the study. 

“Further, 12 out of the 20 disclosures for at-risk cities did not mention climate language in the same context,” Schweizer reported.

He cited the example of NYC Mayor (and resident Communist) Bill DeBlasio, who has described climate change as an “existential threat” to humanity and a “dagger aimed straight at the heart” of the Big Apple. 

But New York, the Port Authority of New York, and New Jersey “barely mentioned climate change or rising sea levels in their risk statements to investors,” Schweizer noted.

Isn’t that fraud? Because if rising sea levels due to climate change really is a major threat to these cities, then that should be disclosed in risk statements. 

But of course, it’s not a real thing so that’s why the administrations of these “at-risk” cities don’t mention climate change much at all: It’s a hoax.

And they are hoaxsters. 

What’s interesting, according to Carney, is that several corporations are currently in the sights of greedy Left-wing trial lawyers allegedly for not disclosing enough about the risk their businesses face from “climate change.” Those corporations should be disclosing to investors the risks of being sued by trial lawyers.

Sources include:

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