One of the most dangerous of all the climate change policies was an initiative called “net zero.” This was the movement to eliminate ALL fossil fuel use and a few years ago it was as popular as Taylor Swift.

As most of our readers know well from these pages, this policy would have decapitated the U.S. economy, as nearly 75% of our energy comes from coal, natural gas and oil.   Biden was all for shutting it down

Millions of Americans would have lost their jobs, energy prices would have soared, and trillions of dollars of GDP would be have been lost.

Our new UP study highlighted in the New York Post finds that Wall Street’s support of “net zero” climate initiatives has collapsed as major US banks and money managers have bolted from the draconian policy.

“All six major US banks — JPMorgan Chase, Bank of America, Goldman Sachs, Citigroup, Morgan Stanley and Wells Fargo — have quit the Net Zero Banking Alliance, according to the new study from the Committee to Unleash Prosperity.”

These powerful climate coalitions once had 140 member banks representing $75.5 trillion in combined valuations. Now the coalition has a small fraction of that financial muscle behind it.

There are a few financial institutions – such as Morgan Stanley and State Street – that still embrace some of these radical regulations, but not many. The chart below shows the improved picture.

We’re proud to have played a small part in saving the US economy from climate hysteria.

Read the full report by clicking here, or the image below.