Another Bank Shows They're Not Stupid

[AlleyCat]

Wall Street is abandoning "Net Zero."

Investment bank Morgan Stanley announced today that they are leaving the Net-Zero Banking Alliance, joining Citigroup Inc. and Bank of America, which
left the global climate coalition earlier this week.

Goldman Sachs Group, Inc. and Wells Fargo left the alliance in December.

https://pbs.twimg.com/media/GgTUTLoXwAAaX1e?format=jpg&name=large

Morgan Stanley To Leave Sector Climate Coalition
By Reuters

January 2, 2025 1:04 PM UTC Updated ago

LONDON, Jan 2 (Reuters) - Investment bank Morgan Stanley (MS.N), opens new tab said on Thursday it had decided to leave the Net-Zero Banking
Alliance, becoming the latest U.S. lender to quit the sector's top global climate coalition.

While the bank gave no reason for its decision, top banks have been under pressure from some U.S. Republican politicians over their membership, with
accusations that any move to limit finance to fossil fuel companies could breach antitrust rules.

Despite leaving the NZBA, Morgan Stanley said in a statement that its commitment to helping the world transition to net-zero carbon emissions
"remains unchanged".

"We aim to contribute to real-economy decarbonization by providing our clients with the advice and capital required to transform business models and
reduce carbon intensity," it said.

The bank said it would also continue to report on its efforts towards previously set 2030 targets to reduce the emissions tied to its loan book.

The decision by Morgan Stanley follows similar moves in recent weeks by Citigroup (C.N), opens new tab, Bank of America (BAC.N), opens new tab, Wells
Fargo (WFC.N), opens new tab and Goldman Sachs (GS.N), opens new tab.

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Winter Weather Grips U.S.

India Reels

Vostok Below -40c

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Cold Wave Sweeps Pakistan

Canadian Prairies Near -40c

Texans Warned Of "Extreme Cold"

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"Excellent" Early-Season Snow Across The Alps

Delhi's Record Cold

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Record Cold Grips Indore

Asia Chills

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Another Round Of Arctic Air To Hit Much Of North America

Mumbai's Lowest Temp In A Decade

Northern Hemisphere Cold

Russia In The Freezer

India Chills

Northern India's Big Freeze Intensifies

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Freezing Lows And Heavy Snows Hit U.S., More To Come

Kashmir Freezes At -18c (-0.4f)

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Cold Waves Lifting Natural Gas Prices

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Severe Cold Hits Pakistan

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U.S. Battered By Cold And Record Snow

Parts Of Ontario Under A Meter Of Snow

Early-December To Deliver Another Burial To Europe

[JTEM]

Post by AlleyCat
Wall Street is abandoning "Net Zero."

Apple pretends to be very "Green" yet raised planned
obsolescence to an art form.

My iPad 3 still works great. But you can't update anything
prior to iPad 7.

Like five years ago my nephew dropped & smashed the iPad 2
I gave him. "Maybe I can get one that will updates," he said.

HINT: If you want a new iPad, prove that you're NOT going to
just drop it & smash it...

It's virtually impossible to recycle Apple products. There
was a documentary some years ago, it was claimed that the
value of the recycled components came to under $2, but it
took so long you might be able to break down as few as 3 per
day!

Most they just grind this stuff down, extract the gold...

Post by AlleyCat
Investment bank Morgan Stanley announced today that they are leaving the Net-Zero Banking Alliance, joining Citigroup Inc. and Bank of America, which
left the global climate coalition earlier this week.

It is literally a scam, like DEI. You have to pay the 3rd parties
who "Certify" your company as "Green" or "Woke" and then you can
apply for loans, they'll add your stock to their funds...

It's a shakedown. Extortion.

A classic protection racket.

"Carbon Capture" is the same thing. You have to license THEIR
third party tech and then you can run your business... else
you hate the polar bears.

I sincerely hope we end all so called "Climate" agreement
immediately.

I'm for conservation. I'm for the environment. This hoax is
about neither.