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By Jo Nova

So much for banks saving the Planet…

Elections do have consequences. (Thank goodness). After 19 Republican States hounded the banker cartels to behave, and Donald Trump won, the bankers quietly fled from the Net Zero banker clubs. They had been using our pension funds to bully companies and countries. They were playing Kingmakers — punishing law abiding companies, and thus forcing their own weather-changing energy policies on democracies (despite what the voters chose). In a triple whammy, they were forcing electricity bills up, sending industries and jobs to China, and also screwing the would-be-pensioners by not investing their money in the best investments. But the bankers were earning favors from China, and profiting from renewables investments, ESG funds, and their ability to push markets around.

Getting the bankers out of GFANZ was not just symbolic victory for The People over The Blob. The numbers show sixty five of the world’s largest banks put $869 billion in funding to gas, oil and coal companies last year. It was an increase of 23% from the year before. This ship is turning.

So Australia will tie itself in knots to close a few coal plants, but the […]

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June 25, 2025 at 03:09PM