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JPMorgan Chase, BlackRock drop out of massive UN climate alliance in stunning move
Posted on 2/16/24 at 9:38 am
Posted on 2/16/24 at 9:38 am
JPMorgan Chase, BlackRock drop out of massive UN climate alliance in stunning move
JPMorgan Chase says its in-house sustainability efforts are sufficient to fight global warming
JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors (SSGA) on Thursday announced that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global warming through corporate sustainability agreements.
In a statement, the New York-based JPMorgan Chase explained that it would exit the so-called Climate Action 100+ investor group because of the expansion of its in-house sustainability team and the establishment of its climate risk framework in recent years. BlackRock and State Street, which both manage trillions of dollars in assets, said the alliance's climate initiatives had gone too far, expressing concern about potential legal issues as well.
The stunning announcements come as the largest financial institutions in the U.S. and worldwide face an onslaught of pressure from consumer advocates and Republican states over their environmental, social and governance (ESG) priorities.
LINK
Posted on 2/16/24 at 9:39 am to djmed
…
So the grift is now fully in house instead of being outsourced to Turtle Bay?
So the grift is now fully in house instead of being outsourced to Turtle Bay?
Posted on 2/16/24 at 9:40 am to djmed
They sense that the public is tired of their bullshite. This is obviously coordinated.
Posted on 2/16/24 at 9:40 am to djmed
ESG is a fake money pit. Companies interested in money don't want to play the game anymore.
Shocked.
Shocked.
Posted on 2/16/24 at 9:42 am to djmed
Oh no, the climate change grift is starting to crumble?
Posted on 2/16/24 at 9:47 am to Gifman
quote:Probably more along the lines of a retrenching.
the climate change grift is starting to crumble?
Posted on 2/16/24 at 9:49 am to djmed
quote:
BlackRock and State Street
Domestic Terrorist.
Posted on 2/16/24 at 9:49 am to Jax Teller
Its a massive wealth/power transfer.
At its core, every solution moves money out of your pocket and into the pockets of leftists who own the green energy production system.
At its core, every solution moves money out of your pocket and into the pockets of leftists who own the green energy production system.
Posted on 2/16/24 at 9:59 am to Vacherie Saint
quote:
At its core, every solution moves money out of your pocket and into the pockets of leftists who own the green energy production system.
This is a smaller sample of their larger economic policy. Every single economic policy from the left is designed to reduce the right's purchasing power. They want to force money out of the pockets of likely Republican voters and give it to likely Democrat voters.
Posted on 2/16/24 at 10:46 am to djmed
Hmmm….about 400 U.S. power plants too late, maybe they got a report from maintenance shops all over the south that are loaded down with wind turbine gear boxes and generators that need repairs.
Could be an indication that they think the American government free money programs that have almost wholly funded wind and solar might be about to dry up, especially if there is an administration change.
Could be an indication that they think the American government free money programs that have almost wholly funded wind and solar might be about to dry up, especially if there is an administration change.
Posted on 2/16/24 at 10:50 am to teke184
Without coordination it's likely to go away as far as actions go. I'm sure they will still pay lip service.
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