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/
UN Climate Summit blocks Rebel News — again
Sheila Gunn Reid discusses how the United Nations refused to allow Rebel News into its climate change conference in Brazil despite an email claiming Rebel News was accredited.
The United Nations climate conference in Belém, Brazil, is underway — and, in true UN fashion, it took all of ten minutes for the hypocrisy to hit us in the face.
For the first time in nine years, Rebel News was officially accredited to enter the conference grounds. We got the approval emails. We got our work visas. We flew half way around the world. We went to pick up our badges. Then the bureaucrats did what UN bureaucrats always do when a climate heretic gets too close: they found a problem.
Suddenly, our accreditation “didn’t allow” us inside the main venue — the pavilions, media rooms, and meeting halls packed with activists, diplomats, and 55,000 carbon-burning delegates who flew halfway around the world to lecture ordinary people about their energy use.
But somehow, we were ...
