Big Banks Exiting "Climate Initiatives?" - Ripped From The Headlines, January 3, 2025
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Citigroup and Bank of America’s recent exits from the Net-Zero Banking Alliance (NZBA) mark another chapter in the elaborate charade of “corporate climate initiatives.”
These departures, following similar moves by Goldman Sachs and Wells Fargo, are not about operational efficiency or political pressure—they’re about evading scrutiny.
The truth is hiding in plain sight: these banks understand that the entire "climate action" narrative is a lucrative scam, and they’re taking steps to shield themselves from public accountability as more people begin to recognize the ruse.
A Carefully Crafted Exit
Citigroup claimed in its statement that it will “continue to work with our clients on their transitions to a low-carbon economy while helping ensure energy security.” Bank of America echoed this line, pledging to “reduce greenhouse gas emissions.”
The article states:
“The largest US financial institutions are under increasing pressure from Republican lawmakers to distance themselves from industry groups that support reducing carbon emissions.”
But the banks are using political pressure as a convenient cover to step back from a scam they no longer find advantageous. Their sudden exits reveal that these pledges were never about “measurable action” - they were about optics and maintaining control over the narrative.
Gaming the Narrative
By stepping away from NZBA, big banks are attempting to rewrite the rules of the game.
Remaining within the alliance would mean subjecting themselves to scrutiny over their financing decisions, disclosures, and so-called "net-zero" progress. Leaving allows them to operate more freely, without the burden of being held accountable in any way… for anything.
The Real Strategy Hustle
Citigroup and Bank of America, along with their peers, are banking on the public’s fatigue and distraction. Their strategy is to distance themselves from the failing climate narrative just as the cracks begin to show.
Their exits are calculated moves to distance themselves just at the right time, use backdoors to keep their hands in the money pot, and protect their profits.
Pulling It Together
These exits reveal not only the emptiness of “corporate climate initiatives” but also the broader scam that underpins them.
Banks like Citigroup and Bank of America aren’t afraid of “failing to meet climate goals” — they don’t want to be without a seat when the game of musical chairs stops, and people figure out that they’ve been had with a “climate footprint” grift.
As the people grow increasingly skeptical, it’s clear that these institutions see the writing on the wall. Their retreat is a calculated step to avoid being held accountable as the scam collapses around them.
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