From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
Another bank sees the light!
From the Guardian:
Barclays has become the second UK bank to withdraw from a UN-backed net zero target-setting group, claiming that a wave of defections by international lenders meant it was no longer fit for purpose.
It marks a fresh blow for the Net-Zero Banking Alliance (NZBA), after HSBC left in early July. It came months after a wave of exits by US banks, which departed in the run-up to Donald Trump’s inauguration in January.
Lenders and other finance firms have come under fresh pressure over their green commitments as a result of Trump’s return to the White House, which caused a climate backlash as he pushed for higher production of oil and gas.
The UN environment programme’s finance initiative, which is led by banks, required members to ensure their lending, investment and capital markets activities would lead them to hitting net zero emissions targets by 2050 or earlier.
However, Barclays said it was no longer effective, given it no longer counted some of the world’s biggest lenders as members. The US lenders who cancelled their membership at the start of the year include JP Morgan, Citigroup, Bank of America, Morgan Stanley and Goldman Sachs.
Barclays said in a statement on Friday afternoon: “After consideration, we have decided to withdraw from the Net Zero Banking Alliance. With the departure of most of the global banks, the organisation no longer has the membership to support our transition.”
Full story here.
It’s actually much simpler than the Guardian suggests
At the outset, banks smelt the lure of bountiful subsidies for anything Net Zero related. One by one, they are now realising that they cannot make a profit out of the Net Zero scam without those subsidies, which could dry up any time, just as they are now in Trump’s US.
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After the banks bail, the grifting and grafting crowd will bail as well, as there is no prospect for further grifting and grafting.
They will move on to the next scam
Barclays Bank has little to lose.
50 Barclays bank branches glued shut in protest by climate activists
Barclays faces intensified protests over fossil fuel funding and social justice links at 2025 AGM
And now
Barclays bank branches in England and Scotland have been covered in red paint and had windows smashed as part of protests by a pro-Palestine group.
At this rate Barclays will need a few quid and some paint stripper.
Barclays share price has risen by two thirds in the last year.
They aren’t doing that badly.
Does Barclays pay taxes? They and others who pay ought to demand governments start punishing those who destroy property and injure people and profits. NO TAXES = NO $$$ for GOVERNMENT.
Past time for Brits to take their country back. PS – We don’t need spineless Brits seeking asylum in the USA!
You can have DeGeneres back – and the horses
Progress?
A recent survey in the UK by the British Standards Institute of 1000 company executives found 71% said the Government could not expand the economy whilst also trying to reach net zero. 50% said the objective was unrealistic.
Only 36% said they had set targets to achieve net zero this year down from 58% in 2024.
Meanwhile the Science-Based Targets initiative which assesses company climate goals confirmed it had paused development of the oil and gas standard.
(UK i newspaper 23 July 2025)
Emperor, Clothes, New…
Follow the money, chi’drens, follow the money.
I believe all of this stems from people having too much time on their hands. When you don’t have a challenging job you start to think too much. This can get you into trouble. As a graduate engineer from MIT class of 1958 I just could not wrap my head around this whole “woke’ idea. Does 1 + 1 still equal 2. It does in the Newtonian world we live in. Reality trumps fantasy. Everything is not possible. Just because you can envision something doesn’t mean its doable.
Harold The Organic Chemist Says:
I calculate that you are ca. 89 years old. In you lifetime, have you experienced any global warming and climate change?
I just turned 81 years old on Aug 1. I live in Burnaby, BC which is contiguous with and east of Vancouver, and I have experienced no climate change. The seasons come and go like they always have. However, the winters milder with little snow due to urban heat island effect.
BTW: What type of engineer are you?
Not necessarily. It can equal 3 for particularly large values of ‘1’.
It depends on what the numbers refer to. For example, 1 (oxygen atom) plus 2 (hydrogen atoms) equals 1 (water molecule). That is, 1+2=1.
I’m a Labour Government accountant.
What would you like it to equal?
Story tip
‘RICHARD TICE: Why ditching Miliband’s Net Zero madness could save every family £1,000 a year.’
https://www.dailymail.co.uk/news/article-14965633/RICHARD-TICE-Milibands-Net-Zero-save-family.html
It is and was always about the $, as we can all easily see now that the curtain is withdrawn.
The astonishing amount of money wasted or swindled over the decades on faux energy becomes clear when governments changes hands from sycophants to anything else.
Few whose pay check depends on saying, seeing, and hearing nothing will blow the whistle.
But but but, a frequent commenter here has been posting in last few days (also frequently) that investment in netzero renewables are at an all time high??!! Can Mr. AlanJ back up his claim, after all these bank exits?? If banks aren’t investing……..
The governments (taxpayers) are “investing”, if that’s what you want to call it.
More good news. There may be a place for subsidies, I don’t know. It is clear that subsidies have been abused to the point that I think all subsidies should require a two thirds approval from both the House and Senate.
Even captains realize that they too have to abandon sinking ships despite being the last ones aboard. Some of these financial institutions foolishly kept propping up the climate action crowd until their investors demanded that they should quit throwing good money after bad; i.e., sinking money into renewable products and initiatives wasn’t going to earn anyone any decent returns, and when those investors and shareholders started bailing out and share prices nosedived, the banks finally realized what their responsibilities really were and they finally took to the lifeboats.
“banks smelt the lure”
Something did seem kind of fishy.
😂
She sums up the net zero push in Oz fairly succinctly-
The real cost of Net Zero | Senator Leah Blyth
We’re getting there with more and more voices speaking the truth and there’s no doubt the Trump Administration has unleashed even more of them lately with rationalism and Enlightenment 2.0