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 “Net Zero Banking Alliance.” The two were Goldman Sachs and Wells Fargo.

These two banks, along with many others, including all of the biggest ones, had joined the NZBA as it was getting organized under auspices of the UN back in 2021. NZBA, together with other related groups organized around the same time, aspired to be cartels of financial institutions that would save the planet by starving hydrocarbon fuels of all investment capital, while re-directing the money to the “green” energy transition.

Now, shortly after the re-election of Donald Trump, two of the biggest banking giants had decided to exit. Could this be a sign that the zero-carbon green energy fantasy was losing its grip?

In the short 19 days since that post, the trickle of resignations from the NZBA and related groups has turned into an avalanche.

Net Zero Watch is an affiliate of the Global Warming Policy Foundation, the UK’s leading climate-skeptic think tank. (Another affiliate of the Global Warming Policy Foundation is the American Friends of the GWPF, the organization of which I am the President and a board member.).

The specialty of Net Zero Watch is poking holes in the UK’s insane pursuit of Net Zero greenhouse gas emissions. The Director of NZW is Andrew Montford.

A few days ago (December 23), Montford issued a brief end of year statement that gives a good summary of where we are now in the climate wars.