Since President Trump has basically shown the middle finger to zero-carbon, electric vehicles, global warming and such plus his declaration (via Executive Order) that the US will 'drill baby drill' for new oil and gas deposits the price of oil has 'crashed' about US$2.00 per barrel yesterday:
And Singapore has made the right call by cutting their electricity rates - because oil and gas prices (and therefore coal prices too) have all come down. Coal, oil and gas are the main fuels for power generation. But in the Benua Asia Tenggalam they are proposing to increase the electricity tariffs.
Here is some hot news:
Banks Ditch Net Zero as Climate Alliances Crumble
- Major US and Canadian banks withdraw from Net-Zero Banking Alliance following pressure from Republican-led states and the election of President Trump.
- BlackRock, the world's largest asset manager, left the Net Zero Asset Managers initiative due to legal concerns and confusion surrounding its practices.
- European banks are reevaluating their participation in net-zero alliances, and the future of climate finance initiatives is uncertain.
- U.S. going after “woke” banking
- Net Zero Under Scrutiny
- before world’s biggest banks anti fossil fuel financing under zero carbon pressure
- but now Goldman Sachs, Citigroup, Bank of America, Morgan Stanley, Wells Fargo, JP Morgan quit zero carbon
- and BlackRock quit zero-carbon since Trump elected U.S. President.
- American banks quitting zero-carbon en masse
- Net Zero Exodus
- top U.S. banks, 4 of Canada’s largest banks no longer part of Net-Zero 2050
- European banks withdrawing from zero-carbon
- Glasgow Alliance for Net Zero struggling to hold annual meeting this month
- By Tsvetana Paraskova for Oilprice.com
My Comments : I think the lion wants to say something.
