Here’s another in a series of articles from the Rocky Mountain Institute (RMI): 90 Percent of Euro Area Banks Are Out of Step with Paris Goals. How Can They Get on Track? An excerpt:
(An analysis) of 95 Euro area banks found that approximately 90 percent are misaligned with the goals of the Paris Agreement. Misalignment with climate pledges can expose financial institutions to significant risk as policy and market conditions increasingly reflect climate realities. For example, when carbon-intensive borrowers face carbon pricing, regulatory restrictions, or shifting consumer preferences, they can become less competitive against peers and more prone to default on loans.
We all wish banks would get on board with climate change mitigation and, at a minimum, refuse to lend trillions of dollars for fossil fuel projects around the world. After all, this could have the effect of helping developing countries “leapfrog” over coal and natural gas power generation plants and move directly into nuclear and renewables.
Is this “misalignment” and its accompanying business risk going to be a factor? Perhaps we should hold out hope. It would be far better if taking action were done simply because it’s the right thing to do, but that doesn’t seem to be happening.
Maybe turning the White House into an attraction for the country’s least educated people (some say “trailer trash”) isn’t a good idea. It’s often referred to as the most demeaning moment in U.S history.
But let’s be real. Our nation is at its lowest point since its founding. Maybe we can, as a country, use this moment of extreme degradation as alcoholics refer to as “hitting rock bottom.”
https://www.2greenenergy.com/2026/06/14/white-house-lawn/
I met a fellow earlier today who, with a partner, owns and runs a company that imports a wide variety of goods into the United States from China.
I asked him, naively, how tariffs are affecting him. He said, “Well, until recently, taxes on our goods were 3.5%; now they’re 45%. I pass most of this this on to my (retailer) customer, and he passes it on to you. If you’re wondering why the price of a stick of deodorant has just gone through the roof, you’ve just figured it out.”
In retrospect, I shouldn’t have brought it up in the first place.
I met a gentleman from South Africa yesterday, and I told him that I’m sure he knows that Trevor Noah is a huge thing here in the U.S.
He replied that he doesn’t like Trevor Noah and explained that he doesn’t think politics and comedy should be mixed.
I thought that to be peculiar, as political humor has been a big deal here for centuries, and has grown mightily since the 1970s. Think of Saturday Night Live and all the late-night television hosts that have come along and achieved huge popularity.
More to the point, this is Trevor Noah’s brand. It’s what he does–and sells for a living. It’s like Nike and its swoosh and it’s “Just do it” slogan.
I have a feeling that what he objects to is the mixing of left-wing politics and comedy, because he doesn’t like to see progressive ideas promoted in society.
https://www.2greenenergy.com/2026/06/14/trevor-noah/
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