{"id":360119,"date":"2025-01-02T16:40:05","date_gmt":"2025-01-02T15:40:05","guid":{"rendered":"https:\/\/climatescience.press\/?p=360119"},"modified":"2025-01-02T16:40:07","modified_gmt":"2025-01-02T15:40:07","slug":"its-a-win-bankers-are-backing-away-from-the-monster-banking-climate-cartel","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=360119","title":{"rendered":"It\u2019s a win: Bankers are backing away from the Monster Banking Climate Cartel"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"378\" data-attachment-id=\"360123\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=360123\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/02-GFL-Noticia-Social-EN-13.jpg?fit=1200%2C628&amp;ssl=1\" data-orig-size=\"1200,628\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0,2-GFL-Noticia-Social-EN-13\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/02-GFL-Noticia-Social-EN-13.jpg?fit=723%2C378&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/02-GFL-Noticia-Social-EN-13.jpg?resize=723%2C378&#038;ssl=1\" alt=\"\" class=\"wp-image-360123\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/02-GFL-Noticia-Social-EN-13.jpg?resize=1024%2C536&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/02-GFL-Noticia-Social-EN-13.jpg?resize=300%2C157&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/02-GFL-Noticia-Social-EN-13.jpg?resize=768%2C402&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/02-GFL-Noticia-Social-EN-13.jpg?w=1200&amp;ssl=1 1200w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From <a href=\"https:\/\/joannenova.com.au\/2025\/01\/bankers-quietly-exit-from-the-global-climate-cartel\/\">JoNova<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/joannenova.com.au\/2025\/01\/bankers-quietly-exit-from-the-global-climate-cartel\/\"><strong>By Jo Nova<\/strong><\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">It\u2019s become a flood<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s a good start to 2025 \u2014 just quietly, the money is exiting the Monster Banker Climate Cartel. Since the Trump win, the bankers are running away suddenly from the United Nations \u201cNet-Zero Banking Alliance\u201d (NZBA) which is a sub-part of GFANZ (the Glasgow Financial Alliance for Net Zero) \u2014 the world\u2019s largest and richest climate activists club. GFANZ is the public face of every kind of global financial-bullying-to-save-the-world. Economically, the monster collective could eat whole nations for breakfast. At one point the collective assets-under-management were as valued at the fantastical conglomeration of $130 trillion. It is the hydra-head hissing at superannuation funds and national treasurers that don\u2019t comply with sacred green goals. Who cares what the voters want?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The latest round of quiet banker departures started with\u00a0<a href=\"https:\/\/www.responsible-investor.com\/moodys-leaves-gfanz-financial-service-providers-alliance\/\">Moody<\/a>\u2018s and\u00a0<a href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/goldman-sachs-quits-global-climate-coalition-banks-2024-12-06\/\">Goldman Sachs, a month ago<\/a>. Only two days ago\u00a0<a href=\"https:\/\/www.realclearenergy.org\/articles\/2024\/12\/30\/climate_cartel_frays_goldman_sachs_exits_global_green_banking_alliance_1081596.html\">RealClear Energy t<\/a>ook heart that \u201d\u00a0<em><a href=\"https:\/\/www.unepfi.org\/net-zero-banking\/members\/\">U.S. behemoths<\/a>\u00a0Bank of America, Citigroup, JP Morgan, Morgan Stanley, and Wells Fargo were still in the NZB<\/em>A\u201d. But\u00a0<a href=\"https:\/\/www.esgtoday.com\/wells-fargo-leaves-climate-focused-banking-initiative\/\">Wells Fargo<\/a>\u00a0quit a week ago, and under the cover of New Years Eve parties, the\u00a0<a href=\"https:\/\/www.businesstoday.com.my\/2025\/01\/01\/citigroup-and-bofa-are-leaving-global-climate-banking-alliance\/\">Bank of America, and Citigroup<\/a>\u00a0have jumped ship too. No one seems to be saying why they are leaving, probably because there is no good way to admit they were colluding with other bankers in anti-competitive acts, to limit the choices of businesses and voters. Likewise, there is never a good time to say it was a mistake to join a club that put their clients&#8217; interests second, after the pet obsessions of UN apparatchiks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Credit for these successes goes to the Republican State Governors and their anti-trust and fiduciary duty legal suits. Their threats are unravelling the giant financial marshmellow man \u2014 especially now that the bankers have lost any \u201cprotection\u201d the Biden \u2013 Harris&nbsp; Presidency may have offered.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.taipeitimes.com\/News\/biz\/archives\/2025\/01\/02\/2003829490\">Citigroup leaves climate coalition<\/a><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bloomberg\n<ul class=\"wp-block-list\"><\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Citigroup Inc and Bank of America Corp said they are leaving a global climate-banking group, becoming the latest Wall Street lenders to exit the coalition in the past month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a statement, Citigroup said while it remains committed to achieving net zero emissions, it is exiting the Net-Zero Banking Alliance (NZBA). Bank of America said separately on Tuesday that it is also leaving NZBA, adding that it would continue to work with clients on reducing greenhouse gas emissions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The bankers just want to save the world \u2014 and sell green bonds\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Citigroup has been the world\u2019s No. 4 underwriter of green bonds<\/strong>&nbsp;since the start of the decade, trailing BNP Paribas SA, JPMorgan Chase &amp; Co and Credit Agricole SA, according to data compiled by Bloomberg. Bank of America ranks eighth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As I\u2019ve explained \u2014 these banker bullies can force first world economies to pick up Net Zero policies, even when their voters don\u2019t want it, but their power hinges on a bluff made with other people\u2019s money which the US Republican\u2019s have called them on. Larry Fink doesn\u2019t hold $10 trillion in personal assets, he&nbsp;<em>manages<\/em>&nbsp;$10 trillion of other people\u2019s investments:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The climate banker cabal called GFANZ \u2014 was set up in 2021 by the UN and Mark Carney (former governor of the Bank of England). At one point GFANZ grew to an obscenely unbelievable $130 trillion in \u201cfunds under management\u201d, giving it the financial power equivalent to a black hole. The largest 20 national economies in the world have a&nbsp;<a href=\"https:\/\/www.forbesindia.com\/article\/explainers\/top-10-largest-economies-in-the-world\/86159\/1#:~:text=The%20United%20States%20of,as%20per%20their%20GDP%20data.\">combined GDP of $87 trillion<\/a>. So when a collective managing $130 trillion says \u201cjump\u201d there are not many Presidents or Prime Ministers inclined to say \u201cNo\u201d. In October 2020, the CEO of BlackRock told the Australian government&nbsp;<a href=\"https:\/\/joannenova.com.au\/2020\/10\/worlds-largest-shadow-bank-wants-australia-to-shut-coal-plants-faster\/\">he wanted them to shut coal plants faster<\/a>&nbsp;and three weeks later,&nbsp;<a href=\"https:\/\/joannenova.com.au\/2021\/11\/well-that-explains-everything-bankers-bullied-australia-into-net-zero\/\">Scott Morrison and the treasurer signed us up for Net Zero<\/a>, even though the voters had picked them to do less climate action rather than more.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026it was all a big bluff\u2026&nbsp; all the giant funds use other people\u2019s money to bully and cajole boards, ministers, and global leaders into doing things that none of them might want. They were supposed to be investing pension funds to earn money for workers to retire on, instead it looked and smelled a lot like they were squandering the returns in order to prop up socialist ideologies, dodgy companies, and to coerce governments to legislate policies that the voters didn\u2019t vote for.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Larry Fink the CEO of Blackrock, and his pals,<a href=\"https:\/\/joannenova.com.au\/2023\/03\/how-larry-fink-turned-your-pension-fund-into-leftist-activist-machine\/\">&nbsp;turned our pension funds into a leftist activist machine.<\/a>&nbsp;Thankfully 1<a href=\"https:\/\/joannenova.com.au\/2022\/08\/19-us-states-fight-back-against-blackrock-the-political-climate-police-disguised-as-a-monster-investment-fund\/\">9 US States fought back by asking the legal bombshell questions about whether these funds were cooperating<\/a>&nbsp;in a way that breached antitrust laws and neglected their fiduciary duty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2014 from&nbsp;&nbsp;<a href=\"https:\/\/joannenova.com.au\/2024\/02\/esg-comes-undone-blackrock-jp-morgan-abandon-climate-action-100\/\">ESG comes undone \u2014 BlackRock, JP Morgan abandon \u201cClimate Action 100+\u201d<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Appropriately the GFANZ logo is an empty hole. You only think you can see the \u201czero\u201d.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"378\" data-attachment-id=\"360121\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=360121\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/image-48.png?fit=1200%2C627&amp;ssl=1\" data-orig-size=\"1200,627\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/image-48.png?fit=723%2C378&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/image-48.png?resize=723%2C378&#038;ssl=1\" alt=\"\" class=\"wp-image-360121\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/image-48.png?resize=1024%2C535&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/image-48.png?resize=300%2C157&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/image-48.png?resize=768%2C401&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/image-48.png?w=1200&amp;ssl=1 1200w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">It\u2019s a big set back for the UN and the bankers<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">GFANZ and the UN banker cartel was an obscene grab for power. It is an unholy alliance of big money and big government \u2014 looking acting and smelling like the start of a World Government machine to take power away from the voters and command their energy, investment, pensions, and freedom from Geneva or London.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The psychopaths and colluding bankers won\u2019t stop colluding, but this is, at least, the beginning of the end for the brazen, naked part of the gambit. Now they will have to go back to meeting at Davos for skiing trips to plot their self serving goals. They have to pretend to compete, which will slow them down. They can\u2019t be seen to \u201cset national policy\u201d, and they must not use their clients funds against them,&nbsp;<em>at least not obviously.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We don\u2019t need&nbsp;<em>all<\/em>&nbsp;the bankers to shift, we just need a few so we have some competition.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Which banks serve the UN?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Conveniently the bragging UN has made the<\/strong><a href=\"https:\/\/www.unepfi.org\/net-zero-banking\/members\/\"><strong>&nbsp;list of member-bankers searchable by country.<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The only big US bankers left in the NZBA are JPMorgan Chase, and Morgan Stanley. The US member list is looking decidedly empty\u2026&nbsp; On the other hand, practically&nbsp;<a href=\"https:\/\/www.unepfi.org\/net-zero-banking\/members\/\">every Australian bank has signed on to obey the United Nations \u201cNZBA<\/a>\u201d club \u2014&nbsp; the ANZ, Comm bank, NAB, Westpac, Macquarie and BoQ.&nbsp;&nbsp; Which banks did not?&nbsp; Bendigo Bank? Please search among the wiki list of&nbsp;<a href=\"https:\/\/en.wikipedia.org\/wiki\/List_of_banks_in_Australia\">Australian banks<\/a>. Let us all know if you know of one that serves Australians rather than the UN.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Bank of NZ is also a fully fledged member. For Canadians, like Australians, seemingly every bank is a Bank of the UN \u2014&nbsp; the CIBC, the BMO, Coast Capital, NBC, RBC, Scotiabank, TD Bank and Vancity too.&nbsp; (Forgive me if I screwed up the acronyms.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UK bankers include too many to name, but Lloyds, Barclays, HSBC, NatWest, PBS, TSB, Standard Chartered, and Virgin Money for starters.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While the US has the well known \u201canti-trust\u201d laws which the Republicans are using to frighten the bankers, the rest of the West has fiduciary duty rules, and regulations that prohibit anti-competitive collusion. Hopefully this is just the start of the great climate unravelling.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">___________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Related posts:<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a href=\"https:\/\/joannenova.com.au\/2022\/08\/weve-been-leading-up-to-this-corruption-crisis-since-1971\/\">The dark bubble: There\u2019s a reason everything seems to be going off the rails simultaneously<\/a><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/joannenova.com.au\/2022\/09\/winning-antitrust-laws-slow-down-the-climate-plans-of-monster-cartel-of-un-and-global-bankers\/\">Winning: Antitrust laws slow down the climate plans of $130T monster cartel of UN and global bankers<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/joannenova.com.au\/2022\/08\/19-us-states-fight-back-against-blackrock-the-political-climate-police-disguised-as-a-monster-investment-fund\/\">19 US States fight back against BlackRock the Political Climate Police disguised as a Monster Investment Fund<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/joannenova.com.au\/2021\/11\/well-that-explains-everything-bankers-bullied-australia-into-net-zero\/\">Well that explains everything: Bankers bullied Australia into Net Zero<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s a good start to 2025 \u2014 just quietly, the money is exiting the Monster Banker Climate Cartel. Since the Trump win, the bankers are running away suddenly from the United Nations \u201cNet-Zero Banking Alliance\u201d (NZBA) which is a sub-part of GFANZ (the Glasgow Financial Alliance for Net Zero) \u2014 the world\u2019s largest and richest climate activists club. <\/p>\n","protected":false},"author":121246920,"featured_media":360123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691832399,691832395,691832398,691832396,691832397],"class_list":{"0":"post-360119","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-bank-of-america-corp","9":"tag-banker-climate-cartel","10":"tag-citigroup-inc","11":"tag-gfanz-the-glasgow-financial-alliance-for-net-zero","12":"tag-united-nations-net-zero-banking-alliance-nzba","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/02-GFL-Noticia-Social-EN-13.jpg?fit=1200%2C628&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1vGn","jetpack-related-posts":[{"id":220193,"url":"https:\/\/climatescience.press\/?p=220193","url_meta":{"origin":360119,"position":0},"title":"Winning: Antitrust laws slow down the climate plans of $130T monster cartel of UN and global bankers","author":"uwe.roland.gross","date":"23\/09\/2022","format":false,"excerpt":"It was the massive miracle-funding coalition of Glasgow, but it is already starting to unravel as the banks figure out that conspiring to force \u201cclimate action\u201d puts them at risk of antitrust suits.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1098.png?fit=1200%2C627&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1098.png?fit=1200%2C627&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1098.png?fit=1200%2C627&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1098.png?fit=1200%2C627&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1098.png?fit=1200%2C627&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":361955,"url":"https:\/\/climatescience.press\/?p=361955","url_meta":{"origin":360119,"position":1},"title":"The Global Net Zero Financial Cartel, Falling Apart","author":"uwe.roland.gross","date":"13\/01\/2025","format":false,"excerpt":"Less than three weeks ago, on December 23, in a post on optimism about the potential demise of the green energy fantasy, I took note that two of the largest U.S. banks had just quit something called the \u201cNet Zero Banking Alliance.\u201d The two were Goldman Sachs and Wells Fargo.\u2026","rel":"","context":"In \"cartels of financial institutions\"","block_context":{"text":"cartels of financial institutions","link":"https:\/\/climatescience.press\/?tag=cartels-of-financial-institutions"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/00Screenshot-2025-01-13-183514-1.png?fit=1027%2C1023&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/00Screenshot-2025-01-13-183514-1.png?fit=1027%2C1023&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/00Screenshot-2025-01-13-183514-1.png?fit=1027%2C1023&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/00Screenshot-2025-01-13-183514-1.png?fit=1027%2C1023&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":358305,"url":"https:\/\/climatescience.press\/?p=358305","url_meta":{"origin":360119,"position":2},"title":"Wells Fargo Exits Net-Zero Banking Alliance: A Pragmatic Rejection of the \u201cClimate Cartel\u201d","author":"uwe.roland.gross","date":"23\/12\/2024","format":false,"excerpt":"Wells Fargo\u2019s decision to leave the Net-Zero Banking Alliance (NZBA) is a stark reminder that not everyone in the financial sector is willing to unquestioningly follow the climate orthodoxy. As one of the largest financiers of the fossil fuel industry, the bank\u2019s departure highlights growing skepticism about the necessity\u2014and even\u2026","rel":"","context":"In \"Climate Cartel\"","block_context":{"text":"Climate Cartel","link":"https:\/\/climatescience.press\/?tag=climate-cartel"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/01800x1202.jpg?fit=1200%2C801&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/01800x1202.jpg?fit=1200%2C801&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/01800x1202.jpg?fit=1200%2C801&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/01800x1202.jpg?fit=1200%2C801&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/01800x1202.jpg?fit=1200%2C801&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":220075,"url":"https:\/\/climatescience.press\/?p=220075","url_meta":{"origin":360119,"position":3},"title":"Yes, U.S. Banks, It\u2019s Past Time to End Support for Extreme Climate Goals and ESG","author":"uwe.roland.gross","date":"22\/09\/2022","format":false,"excerpt":"Ending the use of fossil fuels in a vain attempt to prevent climate change is bad for the economy","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1064.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1064.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1064.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1064.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1064.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":381108,"url":"https:\/\/climatescience.press\/?p=381108","url_meta":{"origin":360119,"position":4},"title":"Financials Shift from \u2018Green\u2019 Agenda to Greenbacks","author":"uwe.roland.gross","date":"01\/06\/2025","format":false,"excerpt":"In a slow but steady retreat, the world\u2019s most powerful financial institutions are abandoning their once-lauded climate pledges in the beginning of a long-overdue correction.","rel":"","context":"In \"BlackRock\"","block_context":{"text":"BlackRock","link":"https:\/\/climatescience.press\/?tag=blackrock"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/0ChatGPT-Image-1.-Juni-2025-12_39_37.png?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/0ChatGPT-Image-1.-Juni-2025-12_39_37.png?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/0ChatGPT-Image-1.-Juni-2025-12_39_37.png?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/0ChatGPT-Image-1.-Juni-2025-12_39_37.png?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":233019,"url":"https:\/\/climatescience.press\/?p=233019","url_meta":{"origin":360119,"position":5},"title":"The Climate Money Monster Cabal may be starting to unravel\u2026 Vanguard flees GFANZ","author":"uwe.roland.gross","date":"08\/12\/2022","format":false,"excerpt":"Indeed. Investors desire funds that make them money now, not funds that lecture them on how sinful they are and raise their electricity bill in a fantasy quest to stop storms a hundred years from now.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0closeup-of-one-hundred-dollar-bills-on-black-background-money-finance-economy-economic-stimulus_t20_Ozyrxg-1.jpg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0closeup-of-one-hundred-dollar-bills-on-black-background-money-finance-economy-economic-stimulus_t20_Ozyrxg-1.jpg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0closeup-of-one-hundred-dollar-bills-on-black-background-money-finance-economy-economic-stimulus_t20_Ozyrxg-1.jpg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0closeup-of-one-hundred-dollar-bills-on-black-background-money-finance-economy-economic-stimulus_t20_Ozyrxg-1.jpg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0closeup-of-one-hundred-dollar-bills-on-black-background-money-finance-economy-economic-stimulus_t20_Ozyrxg-1.jpg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/360119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=360119"}],"version-history":[{"count":4,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/360119\/revisions"}],"predecessor-version":[{"id":360125,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/360119\/revisions\/360125"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/360123"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=360119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=360119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=360119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}