ESG comes undone — BlackRock, JP Morgan abandon “Climate Action 100+”
The biggest climate bullies on the planet just got a bit smaller. There are two monster climate banker clubs in the world, and yesterday, one of them, the “Climate Action 100+” lost three of the six largest asset management funds in the world, namely JP Morgan Chase, State Street and BlackRock.
State Street manages about $3.6 trillion in funds, JP Morgan Chase about $3 or $4 trillion, and BlackRock $10 trillion, so that’s something like $17,000 billion dollars that just left the ranch. The fact that this kind of money was all grouped together in a cabal of any sort is bad enough, but ponder that now, after the biggest fish have left the tank, there’s still $50 trillion left in assets on the inside.
It appears the Climate Action 100+ group had grown too big for its boots — the new Climate Action 100+ “phase 2” strategy expected asset managers to actively hound companies to cut their emission...
https://joannenova.com.au/2024/02/esg-comes-undone-blackrock-jp-morgan-abandon-climate-action-100/
Dear Liberals, fire the bureaucrats
The Liberals must stop growing the public service and instead find ways to boost the economy
(Really, get off our backs and get out of the way. That's all it would take)
https://nationalpost.com/opinion/fire-the-bureaucrats
