Old Glory Bank Co-Founder and Chief Strategy Officer Eric Ohlhausen responded to a Bloomberg article on net-zero banks in an exclusive interview, saying that both U.S. and foreign banks are working to clamp down on farmers in the name of lower emissions.
Following a disturbing statement by an executive from Dutch bank Rabobank that farmers will be charged higher interest rates if they fail to meet draconian emission standards, Ohlhausen told MRC Business in a Dec. 12 interview that U.S. banks also intend to go after farmers. The co-founder of Old Glory Bank stressed that when banks introduce “injected barriers and constraints and expenses” for an industry, consumers will pay higher prices due to the increased cost of doing business.
Ohlhausen made the case that American banks were also pursuing the same net zero goals as foreign banks such as…
