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/
Read the comments especially Marc in Calgary.
https://www.smalldeadanimals.com/2025/08/06/are-you-more-of-an-albertan-or-a-big-city-canadian/
Aren't they just wonderful! Her add to post is interesting. I have a son working on a pipeline in B.C. that was approved many years ago that I hadn't heard of as it never makes the news. Previously he worked on Trans Mountain which was major news daily.
https://www.smalldeadanimals.com/2025/08/06/i-want-a-new-country-144/