JPMorgan Chase, the biggest bank in the United States, announced it is abandoning the U.N. Net-Zero Banking Alliance on Tuesday, joining the nation’s other five largest banks in a major institutional shift that seems to have been encouraged by the reelection of President-elect Donald Trump.

Last week, Bank of America, Citigroup, and Morgan Stanley joined Goldman Sachs and Wells Fargo in announcing their exit from the NZBA, which was formed soon after President Joe Biden was sworn into office in 2021 to align “lending, investment, and capital markets activities with net-zero greenhouse gas emissions by 2050.” JPMorgan Chase joined them this week.

NZBA methods were as pernicious as its stated goals were delusionary.

A global conspiracy of more than 140 banks from 44 countries combined through the NZBA to enrich themselves by funneling capital into supposedly “clean” energy projects that would enable the global economy to........

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