U.S. Out of UN ‘Principles for Climate-Related Financial Risk Management’

“The federal bank regulatory agencies today announced the withdrawal of interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions.” (- Federal Reserve Board, October 16, 2025) [1]

“The private sector can fend for itself versus global government and the pretense of climate knowledge. The United Nations should not have indirect regulatory authority over the United States. The United States comes first.” (below)

Climate activist Laurie Schoeman, “working at crossroads of climate risk, housing, and capital markets,” posted on social media:

The Federal Reserve Board has announced that U.S. federal finance agencies who regulate our banking and financial sector [Federal Deposit Insurance Corporation; Federal Reserve Board; Office of the Comptroller of the Currency] are withdrawing from the Interagency Principles for Climate-Related Financial Risk Management — a framework designed to help large financial institutions manage exposure to climate risk.

Lose It: Towards a Tax-neutral Energy Market

It’s happening. After decades of saying that they needed the special government help–but also that they were cheaper and competitive (!)–the economically incorrect energies and their technologies are facing a real free market. The chart below from social media lists some of the current deadlines for major energy subsidies.

And with the end of special government favor will come the clean-up. Expect wind/solar decommissionings and removal to begin outpacing replacement/new additions in the years ahead. Expect EV charging stations to be removed as demand contracts (“It is getting easier to find EV chargers in the U.S. just as the market for electric vehicles hits the skids.”) [1] Expect lawsuits as long-term rooftop-solar contracts are erased by company bankruptcies (how to exit such contracts is a cottage industry). Garbage in-garbage out.

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[1] Jennifer Hiller, “Growth in U.S.…

DOE Secretary Chris Wright: Energy Exceptionalism Quotations

“… my passion for bettering human lives via improved access to energy is unwavering.” (- Chris Wright, below)

It is a topsy-turvy new energy world where reality bats last. With the physics of energy overcoming the ‘magical thinking’ of renewables and deep decarbonization, and with a push in the U.S. under Trump, the Paris Accord (‘a fraud really, a fake‘) is going the way of the Kyoto Protocol. The forced smiles of Climate Week in New York City last month will be harder to maintain at COP 30 in Brazil. Perhaps it will be the last one as more and more countries exit, just as businesses have from the decarbonization alliances.

The new reality and politics has a central world figure in Donald Trump. But behind Trump is the Secretary of the U.S.…

Utility-scale Solar: The Grim News Begins (Blue Ridge “wind-down’)

Solar, Wind ESG/ETC Closures Accelerate

Net Zero Banking Alliance Terminated

Thatcher & UK Politics: Up from Alarmism

NRDC in Climate Denial (forced smiles at ‘Climate Week’)

Finance vs. “Climate Finance” (Lisa Sachs’s Problem)

When the NYT Fairly Reported on Global Warming (December 13, 1989)