CITIZENS NEWS

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

By sdwells // 2025-07-01

The Climate Cult of elites are now backing fossil fuel again as their global warming Ponzi scheme losing steam (pun intended). The big banks are all in for fossil fuel again, and “all out” of wasting their breath trying to convince the populace to give them all their hard-earned money for yachts and private jets they use to spread the gospel lies. So don't go worrying your head about this hot summer. The world is not flat, we never made it to the moon with humans, vaccines are dirty, and the earth is not sinking in the ocean. Want to know the truth? Just follow the money:

1. Bank Fossil Fuel Funding Hits $869.4B in 2024
   • Global banks increased investments in fossil fuels by 23% last year, totaling $869.4 billion — equivalent to Switzerland’s GDP.
   • The surge contradicts prior climate pledges, with U.S. banks (JPMorgan Chase, Bank of America, Citigroup) leading financing for coal, oil, and gas.
2. U.S. Banks Dominate Fossil Fuel Financing
   • JPMorgan Chase topped the list with 53.5B, followed by Bank of America with $53B and Citigroup $44B.
   • The report (Banking on Climate Chaos) criticizes the lack of binding regulations, calling bank investments a "strategy tanking our planet."
3. AI & Energy Demand Disrupt Climate Policies
   • The fossil fuel investment surge predated Trump’s 2024 victory, suggesting strong market demand—potentially driven by AI’s soaring energy needs.
   • Analysts argue AI’s growth is undermining green policies, forcing banks to prioritize fossil fuels despite political backlash.
4. Renewables Still Drain Resources
   • Despite poor returns (financial and grid capacity), significant capital continues flowing into renewables—a trend criticized as economically inefficient compared to fossil fuels’ reliability.

Major U.S. Banks Fuel $869 Billion Fossil Fuel Surge Despite Climate Pledges" In a stark contradiction to global climate goals, U.S. banks — led by JPMorgan Chase, Bank of America, and Citigroup — pumped $869.4 billion into fossil fuel financing in 2024, a 23% increase from the previous year. The findings, outlined in the Banking on Climate Chaos report, reveal that American institutions dominate funding for coal, oil, and gas despite scientists’ warnings and prior commitments to align with the Paris Agreement. The surge comes as rising energy demands, partly fueled by AI’s growth, complicate decarbonization efforts. This financing contradicts repeated pledges by these banks to support climate action, including Chase’s 2020 vow to align with Paris Agreement targets. Advocacy groups lambasted the trend, calling bank investments a "strategy tanking our planet" in the absence of binding regulations. Historical context intensifies scrutiny: Between 2016 and 2020, Chase alone channeled $317 billion into fossil fuels, per the Banking on Climate report. While banks have touted green initiatives, their continued reliance on fossil fuels suggests market pressures and profitability outweigh environmental promises. The investment spike preceded former President Donald Trump’s 2024 electoral win, indicating market forces — not just politics — are driving the trend. Analysts point to artificial intelligence’s skyrocketing energy needs as a key factor, with data centers relying heavily on fossil-fueled grids. "The growth of AI is undermining green energy transitions," said one analyst, who asked not to be named due to employer restrictions. "Banks are caught between political backlash and client demand for reliable energy — and fossil fuels still win." Despite global pushes for wind and solar, the report notes that renewable energy projects often deliver poor financial returns and grid instability, making them less attractive to investors compared to fossil fuels’ reliability. Critics argue this perpetuates a cycle where banks prioritize short-term profits over long-term sustainability. The $869 billion fossil fuel financing surge underscores a harsh reality: Even as climate disasters escalate, the world’s largest banks remain entrenched in fossil fuel economics. With AI and energy demands complicating the transition, the divide between corporate pledges and actual investments grows starker — raising urgent questions about accountability in the race to avert environmental catastrophe. So let us repeat: Don't go worrying your head about this hot summer. The world is not flat, we never made it to the moon with humans, vaccines are dirty, and the earth is not sinking in the ocean. Debunking science lies is easy now. Just follow the money. Check out ClimateAlarmism.news for updates on psychotic billionaires all reinvesting in fossil fuels now that Trump is POTUS and running America on fossil fuels again. Sources for this article include: NaturalNews.com BezoEarthFund.org Wattsupwiththat.com

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