One of our continuing missions in 2024-25 will be to try to persuade every American company to pull out of the absurd and economically ruinous “net zero” policies and pledges.    We’re making steady progress, and now it appears most companies are renouncing their support for ending all fossil fuels.

But Goldman Sachs may not be entirely sincere in their promise to stay out.

Reuters reports:

The U.S. investment bank’s decision comes against a backdrop of pressure from some Republican politicians who have suggested that membership of the Net-Zero Banking Alliance (NZBA) could breach anti-trust rules…

Banks joining the voluntary NZBA agree to align with the world’s aim of reaching net-zero emissions by 2050, set targets to help get them there and publish progress on their efforts each year, something Goldman Sachs said it would continue to do.

Net zero is bad for business, and we will see how many firms get out and stay out.