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As the “climate change” Ponzi scheme crumbles thanks to Trump and truth news, the globalists turn back to investing in fossil fuels

 The Climate Cult and Fossil Fuels

- Elites are once again supporting fossil fuels as their climate initiatives lose credibility.

- Big banks are focused on fossil fuels, abandoning efforts to persuade the public to support their lavish lifestyles.

- Dismisses concerns about climate, claiming various scientific beliefs are false.

Bank Fossil Fuel Funding

- In 2024, global banks invested $869. 4 billion in fossil fuels, a 23% increase from the previous year.

- This amount is comparable to Switzerland's GDP.

- U. S. banks, particularly JPMorgan Chase, Bank of America, and Citigroup, lead in financing oil, gas, and coal.

U. S. Banks Overview

- JPMorgan Chase invested $53. 5 billion, Bank of America $53 billion, and Citigroup $44 billion in fossil fuels.

- The Banking on Climate Chaos report highlights a lack of effective regulations on bank investments, labeling them harmful to the planet.

AI and Energy Demand

- The rise in fossil fuel investments occurred before Trump’s 2024 election, showing strong market demand.

- Growth in AI technology is increasing energy needs, complicating green policy implementation.

- Analysts suggest AI's growth is causing banks to prioritize fossil fuels against political pressures.

Renewables and Economic Efficiency

- Despite low returns, significant funds continue to go toward renewable energy, criticized as wasteful compared to fossil fuels.

- The success of fossil fuels is attributed to their reliability compared to instability in renewable projects.

Summary of Current Trends

- Despite climate challenges, major banks remain invested in fossil fuels, creating a gap between pledged climate actions and actual investments.

- As climate disasters rise, banks are still entrenched in fossil fuel economics, raising questions about accountability.

Call to Action

- Readers are encouraged to stay informed about investments in fossil fuels, especially in light of political changes.

https://www.naturalnews.com/2025-07-01-climate-ponzi-scheme-crumbles-globalists-investing-fossil-fuels.html 

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